808 Meaning of “disposal of the licence” etc
Income Tax Act 2007 (2007 c 3) | Legislation

808  Meaning of “disposal of the licence” etc

(1)     For the purposes of section 805 any reference to—

(a)     a disposal of a licence acquired in carrying on a trade, or

(b)     a disposal of a right to income under an agreement related to or containing a licence acquired in carrying on a trade (“a licence-related agreement”),

includes, in particular, any of events A to E.

(2)     Event A is the revocation of the licence.

(3)     Event B is the disposal, giving up or loss of—

(a)     a right under the licence, or

(b)     a right to income

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