OT30077 - Capital Gains

Computational Point. Part Disposal. Definition.

TGCA92\s196(5A) includes a definition of part disposal. References in TCGA92\s194 and TCGA92\s195 to part disposals include references to the disposal of any interest in a licence. This makes clear that part disposals of a licence encompass certain types of background agreements where the seller retains an interest in the licence.