SCHEDULES
SCHEDULE 26 Transfers: tax
Part II Transfers to SRA from Franchising Director, Secretary of State and F1the Office of Rail and Road
Annotations:
Amendments (Textual)
Chargeable gains: disposal of debts
4
1
Sub-paragraph (2) applies if in the case of a relevant transfer—
a
a debt owed to the transferor is transferred to the transferee, and
b
the transferor would, apart from this paragraph, be the original creditor in relation to that debt for the purposes of section 251 of the 1992 Act (disposal of debts).
2
The 1992 Act is to have effect as if the transferee (and not the transferor) were the original creditor for those purposes.
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)