The legislation states that any reference to a disposal of a right of an individual to trading profits includes ‘in particular’ any of events A to D, as listed below. The inclusion of the words ‘in particular’ implies that there are other circumstances that could also be caught.

Event A

Event A is when the individual, or the firm (partnership) in which he is a partner, disposes or gives up or loses ‘a right arising from the trade to income (or any part of any income)’. For these purposes, the question of whether the disposal, giving up or loss is part of a larger disposal, etc. is irrelevant.

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