C1Part 3Trading income
Annotations:
Modifications etc. (not altering text)
Chapter 13Disposal and acquisition of know-how
179Seller controlled by buyer etc
1
This section applies if a disposal of know-how is by way of sale and—
a
the seller is a body of persons over which the buyer has control,
b
the buyer is a body of persons over which the seller has control, or
c
both the seller and the buyer are bodies of persons and another person has control over both of them.
2
In such a case—
a
section 177 does not apply, and
b
no election may be made under section 178.
3
For the purposes of this section “body of persons” includes a firm.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)