Part 2Trading income
Chapter 18Post-cessation receipts
Sums that are not post-cessation receipts
253Lump sums paid to personal representatives for copyright etc.
(1)
A lump sum which is paid to the personal representatives of the author of a literary, dramatic, musical or artistic work as consideration for the assignment by them of—
(a)
the copyright in the work, or
(b)
the public lending right in the work,
is not a post-cessation receipt.
(2)
A lump sum which is paid to the personal representatives of the designer of a design in which design right subsists as consideration for the assignment by them of that right is not a post-cessation receipt.
(3)
For the purposes of this section it does not matter whether the whole or a part of the right is assigned.