SCHEDULES

SCHEDULE 26 Transfers: tax

Part IV Transfers to Secretary of State from SRA and BR

Interpretation

19

In this Part of this Schedule—

  • “relevant transfer” means a transfer of property, rights or liabilities by virtue of—

    1. a

      a scheme under paragraph 1 of Schedule 21 under which the property, rights or liabilities are transferred to the Secretary of State, or

    2. b

      a scheme under paragraph 1 of Schedule 25,

  • “transferee”, in relation to a relevant transfer, means the Secretary of State, and

  • “transferor”, in relation to a relevant transfer, means the person from whom the property, rights or liabilities are transferred.