F2 SCHEDULES

SCHEDULE 11 TAXATION PROVISIONS

Roll-over relief

3

1

Where—

a

a held over gain would, but for the provisions of section F1154 of the 1992 Act, have beencarried forward to a depreciating asset; and

b

that asset is transferred by this Act to a successor company,

that section shall have effect as if the gain had accrued to, and the claim for it to be held oveer had been made by, that company.

2

In this paragraph the expressions which are used in the said section F1154 have the same meanings as in that section.