SCHEDULES

SCHEDULE 26 U.K. Transfers: tax

Part II U.K. Transfers to SRA from Franchising Director, Secretary of State and [F1 the Office of Rail and Road]

Textual Amendments

F1 Words in Sch. 26 Pt. 2 heading substituted (E.W.S) (16.10.2015) by The Office of Rail Regulation (Change of Name) Regulations 2015 (S.I. 2015/1682), reg. 1(2), Sch. para. 4(p)(vi)

Interpretation U.K.

2 U.K.In this Part of this Schedule—

• “relevant transfer” means a transfer of property, rights or liabilities by virtue of—

  (a)

  section 215,

  (b)

  a scheme under paragraph 1 of Schedule 15, or

  (c)

  a scheme under paragraph 31 of Schedule 17,

• “transferee”, in relation to a relevant transfer, means the Authority, and

• “transferor”, in relation to a relevant transfer, means the person from whom the property, rights or liabilities are transferred.