Postal Services Act 2011

Transfers of property, rights and liabilities by transfer schemes U.K.

3 U.K. In paragraphs 4 to 6—

• a “relevant transfer” means a transfer of any property, rights or liabilities by or under a transfer scheme under section 8, and

• “transferor” and “transferee” have the same meaning as in Schedule 1.

Commencement Information

I1 Sch. 2 para. 3 in force at 1.10.2011 by S.I. 2011/2329, art. 3

4 U.K. For the purposes of the Taxation of Chargeable Gains Act 1992 a disposal constituted by a relevant transfer is to be treated in relation to the transferor and transferee as made for a consideration such that no gain or loss accrues to the transferor.

Commencement Information

I2 Sch. 2 para. 4 in force at 1.10.2011 by S.I. 2011/2329, art. 3

5 U.K. For the purposes of Chapter 4 of Part 5 of the Corporation Tax Act 2009 (loan relationships: continuity of treatment on transfers within groups or on reorganisations) the transferor and transferee are to be treated in relation to a relevant transfer as if, for the purposes of the transfer, they were members of the same group.

Commencement Information

I3 Sch. 2 para. 5 in force at 1.10.2011 by S.I. 2011/2329, art. 3

6 (1) For the purposes of Part 8 of the Corporation Tax Act 2009 (intangible fixed assets) a relevant transfer of a chargeable intangible asset is to be treated as tax-neutral. U.K.

(2) Part 4 of the Taxation (International and Other Provisions) Act 2010 (transfer pricing) does not apply in relation to a transfer to which sub-paragraph (1) applies.

(3) For the purposes of section 882 of the Corporation Tax Act 2009 (application of Part 8 to assets created or acquired on or after 1 April 2002) assets acquired by a transferee on a relevant transfer are to be treated as if they were acquired from a person who at the time of the acquisition was a related party.

Commencement Information

I4 Sch. 2 para. 6 in force at 1.10.2011 by S.I. 2011/2329, art. 3