Any chance someone can clarify the tax treatment of a lump sum of £40k received by a kit car maker / manufacturer (operating as a sole trader) for the sale of a kit car, but along with the drawings and rights to manufacture the car as had been designed. The sole trader reckons the value of the car itself is only about £3k, the rest being payment for the rights to manufacture and the value of the drawings / design.
I've looked at CA70010 onwards - Know - how but am feeling I'm barking up the wrong tree - any ideas?
Thx
Not a Gooner