Paragraph 79

(1)

Section 852 (carrying on by partner of notional trade) is amended as follows.

(2)

For subsection (6) substitute—

“(6)
If there is a change of residence, the partner is treated as permanently ceasing to carry on one notional trade when that change of residence occurs and starting to carry on another immediately afterwards.”

(3)

After subsection (7) insert—

“(8)
Subsections (1A) and (1B) of section 17 apply for the purposes of subsection (6).”