799 Meaning of “disposal of a right of the individual to profits” etc
Income Tax Act 2007 (2007 c 3) | Legislation

799  Meaning of “disposal of a right of the individual to profits” etc

(1)     For the purposes of section 797 any reference to a disposal of a right of an individual to profits arising from a trade includes, in particular, any of events A to D.

(2)     Event A is the disposal, giving up or loss by—

(a)     the individual, or

(b)     a firm in which the individual is a partner,

of a right arising

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