There are currently no known outstanding effects for the Finance Act 2001, Paragraph 10.
10(1)Section 196 of that Act (disposal values in relation to fixtures) is amended as follows.U.K.
(2)In subsection (1), in the Table, after item 8 insert—
| “8A. Cessation of ownership of the fixture because section 192A(2)(a) (assignment of rights) applies. | The consideration given by the assignee for the assignment. |
| 8B. Cessation of ownership of the fixture because section 192A(2)(b) (discharge of client’s obligations) applies on the payment of a capital sum. | The capital sum paid to discharge the financial obligations of the client.” |
(3)After subsection (4) insert—
“(4A)Section 192A(3) (assignee of client) applies in relation to item 8B of the Table.”.
(4)In subsection (5), for “192” substitute “ 192A ”.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
