SCHEDULES

SCHEDULE 26 U.K. Transfers: tax

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

Textual Amendments

F1 Words in Sch. 26 Pt. II substituted (5.7.2004) by Railways and Transport Safety Act 2003 (c. 20), Sch. 2 para. 19(t)(vi); S.I. 2004/827, art. 4(g)

Chargeable gains: no gain no loss U.K.

3 U.K. For the purposes of the 1992 Act a disposal by virtue of provision made under paragraph 34(a) of Schedule 17 is to be taken to be for a consideration such that no gain or loss accrues to the person making the disposal.