Transport Act 2000 (c. 38)

SCHEDULES

SCHEDULE 26 U.K. Transfers: tax

Part III U.K. Transfers from BR to SRA

Chargeable gains: general U.K.

9 U.K. 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.