Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax Act 2007 section 805–807
Individuals in partnership: exit charge
Sections 805 to 807, read together with these transitional rules in Schedule 2 paragraphs 150 to 153, deal with the exit charge that applies when an individual partner has claimed relief for licence-related trading losses and a chargeable event subsequently occurs, such as a disposal of the licence or a right to income derived from it.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.