(1) In this section -

"average overall income from intellectual property" in respect of an accounting period means the lower of -

(a) the overall income from intellectual property for an accounting period, or

(b) an amount calculated as:

A x N

where -

A is the average monthly overall income from intellectual property for the last 60 months, and

N is the number of months in the accounting period;

"company threshold amount" means €7,500,000 and where an accounting period is shorter than 12 months, this amount shall be reduced proportionately;

"intellectual property for small companies" means inventions that are certified by the Controller of Patents, Designs and Trade Marks as being novel, non-obvious and useful;

"overall income from intellectual property" means the following amounts arising to the company in respect of an accounting period -

(a) any royalty or other sums in respect of the use of intellectual property,