862 Sale of patent rights: effect of later cessation of trade
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

862  Sale of patent rights: effect of later cessation of trade

[(1)     This section applies if—

(a)     a person (“the trader”) sells the whole or part of any patent rights in carrying on a trade,

(b)     by virtue of section 861 amounts are chargeable to income tax under section 587 as profits of one or more persons for the time being carrying on the trade in partnership,

(c)

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