Related Commentary  

808(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.

808(2)  Event A is the revocation of the licence.

808(3)  Event B is the disposal, giving up or loss of–

(a)a right under the licence, or

(b)a right to income (or any part of any income) under a licence-related agreement,

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