Transport Act 2000 (c. 38)

SCHEDULES

SCHEDULE 26 U.K. Transfers: tax

Part III U.K. Transfers from BR to SRA

Interpretation U.K.

8 U.K. In this Part of this Schedule—

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

  (a)

  paragraph 11 of Schedule 18, or

  (b)

  a scheme under paragraph 1 of Schedule 19,

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

• “transferor”, in relation to a relevant transfer, means the Board.