Finance (No. 2) Act 1992

1 (1) In this Schedule—

• “the final accounting period” means the last complete accounting period of NIE ending before the transfer date;

• “NIE” means Northern Ireland Electricity;

• “the Order” means the [S.I. 1992/231 (N.I. 1)] Electricity (Northern Ireland) Order 1992;

• “successor company” means a company nominated under Article 69(2) of the Order for the purposes of Article 69(1) of the Order;

• “transfer date” means the day appointed under Article 69(3) of the Order for the purposes of Article 69(4) of the Order;

• “transfer scheme” means a scheme under Article 69(1) of the Order.

(2) This Schedule, so far as it relates to corporation tax on chargeable gains, shall be construed as one with the [1979 c. 14.] Capital Gains Tax Act 1979 or, where appropriate, the [1992 c. 12.] Taxation of Chargeable Gains Act 1992.

(3) For the purposes of this Schedule a transfer or agreement shall be regarded as made in pursuance of Schedule 10 to the Order if the making of that transfer or agreement is required or authorised by or under paragraph 3 or 5 of that Schedule (allocation of assets and liabilities and variation of transfers by agreement).