355 Transfer of rights if transferee does not carry on UK property business
355(1) This section applies if–
(a)a person (“the transferor”) permanently ceases to carry on a UK property business,
(b)the transferor transfers to another person (“the transferee”) for value the right to receive sums arising from the carrying on of any business (“the transferred business”) comprised in the transferor's UK property business, and
(c)the transferee does not subsequently carry on the transferred business.
355(2) The transferor is treated as receiving a post-cessation receipt.