SCHEDULES

SCHEDULE 26 Transfers: tax

Part III Transfers from BR to SRA

Chargeable gains: general

9

For the purposes of the 1992 Act a disposal—

a

constituted by a relevant transfer, or

b

by virtue of provision made under paragraph 4 of Schedule 19,

is to be taken (in relation to the person to whom the disposal is made as well as the person making the disposal) to be for a consideration such that no gain or loss accrues to the person making the disposal.