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)

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.