In section 558(1)(c) (effect of partnership changes) for the words from “result in” to the end substitute“—

(i)

involve all of the persons carrying on the relevant activity before the change permanently ceasing to carry it on, or

(ii)

result in the relevant activity being treated under section 18 or 362 of ITTOIA 2005 as permanently ceasing to be carried on by a company or treated as discontinued under section 337(1) of ICTA (companies beginning or ceasing to carry on trade etc.).”