193 Disposal of know-how if trade continues to be carried on
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

193  Disposal of know-how if trade continues to be carried on

(1)     This section applies if—

(a)     a person carrying on a trade receives consideration for the disposal of know-how which has been used in the trade,

(b)     the person continues to carry on the trade after the disposal, and

(c)     neither section 194 (disposal of know-how as part of disposal of all or part of a trade) nor section 195 (seller

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