Where the following conditions are met in relation to a change in a partnership, a special tax treatment applies1. The conditions are that: (1) a person sells the whole or part of any patent rights in carrying on a trade2; (2) tax is chargeable3 on the proceeds of the sale or any instalment of those proceeds; (3) the tax is chargeable in one or more tax charge periods4; (4) there is a change in the persons carrying on the trade at any time between the beginning of the first of those tax charge periods and the end of the
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