(1)This section applies if—
(a)a person carrying on a trade receives consideration for the disposal of know-how which has been used in the trade,
(b)the person continues to carry on the trade after the disposal, and
(c)neither section 194 (disposal of know-how as part of disposal of all or part of a trade) nor section 195 (seller controlled by buyer etc.) applies.
(2)The amount or value of the consideration is treated for all purposes as a trading receipt, except so far as it is brought into account under section 462 of CAA 2001 (disposal values).
(3)If the know-how is sold together with other property, the net proceeds of the sale of the know-how are treated as being so much of the net proceeds of the sale of all the property as, on a just and reasonable apportionment, is attributable to the know-how.
(4)For this purpose all property sold as a result of one bargain is treated as sold together even though—
(a)separate prices are, or purport to be, agreed for separate items of that property, or
(b)there are, or purport to be, separate sales of separate items of that property.
(5)Any question about the way in which a sum is to be apportioned under this section must be determined in accordance with section 563(2) to (6) of CAA 2001 (procedure for determining certain questions affecting two or more persons) if it materially affects two or more taxpayers.
(6)For this purpose a question materially affects two or more taxpayers if at the time when the question falls to be determined it appears that the determination is material to the liability to tax (for whatever period) of two or more persons.