518(1)Amend section 558 (effect of partnership changes) as follows.U.K.
(2)For subsection (1)(c) substitute—
“(c)the condition in subsection (1A) or (1B) (whichever is appropriate) is met.”
(3)After subsection (1) insert—
“(1A)For income tax purposes, the condition is that a person carrying on the relevant activity immediately before the change continues to carry it on after the change.
(1B)For corporation tax purposes, the condition is that a company carrying on the relevant activity in partnership immediately before the change continues to carry it on in partnership after the change.”