SCHEDULES
SCHEDULE 13Transfer schemes: tax provisions
Part 2Transfers etc between taxable public bodies
Continuity in relation to derivative contracts
15
1
For the purposes of the application of F1Part 7 of CTA 2009 (derivative contracts) in relation to a relevant transfer, the transferee and the transferor are to be treated as if, at the time of the transfer, they were members of the same group.
2
In sub-paragraph (1) the reference to being members of the same group must be construed in accordance with F2section 624(3) of that Act.