Consumers, Estate Agents and Redress Act 2007

Section 35

SCHEDULE 4 U.K. Transfer of property etc to Council

Preliminary U.K.

1 U.K. In this Schedule—

• “transfer scheme” has the meaning given by section 35;

• “transferor” means the body to which section 35 applies and to which the transfer scheme relates.

Commencement Information

I1 Sch. 4 para. 1 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

Contents of transfer schemes U.K.

2 (1) The property, rights and liabilities that may be transferred by a transfer scheme include property, rights and liabilities that would not otherwise be capable of being transferred or assigned. U.K.

(2) The transfers authorised by sub-paragraph (1) include transfers of interests and rights that are to take effect in accordance with the scheme as if there were—

(a) no such requirement to obtain a person's consent or concurrence,

(b) no such liability in respect of a contravention of any other requirement, and

(c) no such interference with any interest or right,

as there would otherwise be by reason of a provision within sub-paragraph (3).

(3) A provision is within this sub-paragraph to the extent that it has effect (whether under an enactment or agreement or otherwise) in relation to the terms on which the transferor is entitled or subject to anything to which the transfer relates.

Commencement Information

I2 Sch. 4 para. 2 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

3 U.K. A transfer scheme may define the property, rights and liabilities to be transferred by specifying them or describing them.

Commencement Information

I3 Sch. 4 para. 3 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

4 U.K. A transfer scheme may contain supplementary, incidental, transitional and consequential provision.

Commencement Information

I4 Sch. 4 para. 4 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

Effect of transfers U.K.

5 (1) On the day appointed by a transfer scheme the property, rights and liabilities which are the subject of the scheme are transferred to [F1 Citizens Advice] in accordance with the provisions of the scheme. U.K.

(2) Sub-paragraph (1) has effect in relation to property, rights or liabilities to which it applies in spite of any provision (of whatever nature) which would prevent or restrict the transfer of the property, rights or liabilities otherwise than by virtue of that sub-paragraph.

Textual Amendments

F1 Words in Sch. 4 substituted (1.4.2014) by The Public Bodies (Abolition of the National Consumer Council and Transfer of the Office of Fair Trading's Functions in relation to Estate Agents etc) Order 2014 (S.I. 2014/631), art. 1(3), Sch. 1 para. 12(49) (with Sch. 1 para. 28, Sch. 2 paras. 13-15)

Commencement Information

I5 Sch. 4 para. 5 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

6 (1) So far as is appropriate in consequence of the transfer, anything done by the transferor for the purposes of or in connection with anything transferred which is in effect immediately before it is transferred is to be treated as if done by [F1 Citizens Advice]. U.K.

(2) A transfer does not affect the validity of anything done by or in relation to the transferor before the transfer takes effect.

(3) There may be continued by or in relation to [F1 Citizens Advice] anything (including legal proceedings) relating to anything transferred which is in the process of being done by or in relation to the transferor immediately before it is transferred.

(4) So far as is appropriate in consequence of the transfer, [F1 Citizens Advice] is substituted for the transferor in any agreement, instrument or other document relating to anything transferred.

Textual Amendments

F1 Words in Sch. 4 substituted (1.4.2014) by The Public Bodies (Abolition of the National Consumer Council and Transfer of the Office of Fair Trading's Functions in relation to Estate Agents etc) Order 2014 (S.I. 2014/631), art. 1(3), Sch. 1 para. 12(49) (with Sch. 1 para. 28, Sch. 2 paras. 13-15)

Commencement Information

I6 Sch. 4 para. 6 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

Staff U.K.

7 U.K. The Transfer of Undertakings (Protection of Employment) Regulations 2006 (S.I. 2006/246) apply to a transfer which relates to rights or liabilities under a contract of employment whether or not the transfer would, apart from this paragraph, be a relevant transfer for the purposes of those regulations.

Commencement Information

I7 Sch. 4 para. 7 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

8 U.K. Where an employee of the transferor becomes an employee of [F1 Citizens Advice] by virtue of a transfer scheme—

(a) a period of employment with the transferor is to be treated as a period of employment with [F1 Citizens Advice], and

(b) the transfer to [F1 Citizens Advice] is not to be treated as a break in service.

Textual Amendments

F1 Words in Sch. 4 substituted (1.4.2014) by The Public Bodies (Abolition of the National Consumer Council and Transfer of the Office of Fair Trading's Functions in relation to Estate Agents etc) Order 2014 (S.I. 2014/631), art. 1(3), Sch. 1 para. 12(49) (with Sch. 1 para. 28, Sch. 2 paras. 13-15)

Commencement Information

I8 Sch. 4 para. 8 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

Chargeable gains: asset to be treated as disposed of without a gain or loss U.K.

9 U.K. For the purposes of the Taxation of Chargeable Gains Act 1992 (c. 12), a transfer of an asset by a transfer scheme is to be treated as a disposal of that asset to [F1 Citizens Advice] for a consideration of such amount as would secure that, on the disposal, neither a gain nor a loss accrues to the transferor.

Textual Amendments

F1 Words in Sch. 4 substituted (1.4.2014) by The Public Bodies (Abolition of the National Consumer Council and Transfer of the Office of Fair Trading's Functions in relation to Estate Agents etc) Order 2014 (S.I. 2014/631), art. 1(3), Sch. 1 para. 12(49) (with Sch. 1 para. 28, Sch. 2 paras. 13-15)

Commencement Information

I9 Sch. 4 para. 9 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

Continuity in relation to transfer of intangible assets U.K.

10 (1) For the purposes of Schedule 29 to the Finance Act 2002 (c. 23)— U.K.

(a) a transfer by a transfer scheme of a chargeable intangible asset of the transferor is to be treated as a tax-neutral transfer, and

(b) an intangible fixed asset which is an existing asset of the transferor at the time of the transfer is to be treated, on and after the transfer, as an existing asset in the hands of [F1 Citizens Advice].

(2) Expressions used in this paragraph and in that Schedule have the same meanings in this paragraph as in that Schedule.

Textual Amendments

F1 Words in Sch. 4 substituted (1.4.2014) by The Public Bodies (Abolition of the National Consumer Council and Transfer of the Office of Fair Trading's Functions in relation to Estate Agents etc) Order 2014 (S.I. 2014/631), art. 1(3), Sch. 1 para. 12(49) (with Sch. 1 para. 28, Sch. 2 paras. 13-15)

Commencement Information

I10 Sch. 4 para. 10 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

Corporation Tax Acts U.K.

11 U.K. So far as it relates to corporation tax, this Schedule is to be construed as one with the Corporation Tax Acts.

Commencement Information

I11 Sch. 4 para. 11 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.

Modification of transfer schemes after appointed day U.K.

12 (1) If, after the day appointed by a transfer scheme, the transferor and [F1 Citizens Advice] so agree in writing, the scheme shall for all purposes be deemed to have come into force on that day with such modifications as may be agreed. U.K.

(2) An agreement under this paragraph may, in connection with giving effect to modifications to the scheme, include supplementary, incidental, transitional and consequential provision.

Textual Amendments

F1 Words in Sch. 4 substituted (1.4.2014) by The Public Bodies (Abolition of the National Consumer Council and Transfer of the Office of Fair Trading's Functions in relation to Estate Agents etc) Order 2014 (S.I. 2014/631), art. 1(3), Sch. 1 para. 12(49) (with Sch. 1 para. 28, Sch. 2 paras. 13-15)

Commencement Information

I12 Sch. 4 para. 12 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.