SCHEDULES
SCHEDULE 26 Transfers: tax
Part IV Transfers to Secretary of State from SRA and BR
Interpretation
19
In this Part of this Schedule—
“relevant transfer” means a transfer of property, rights or liabilities by virtue of—
(a)
a scheme under paragraph 1 of Schedule 21 under which the property, rights or liabilities are transferred to the Secretary of State, or
(b)
a scheme under paragraph 1 of Schedule 25,
“transferee”, in relation to a relevant transfer, means the Secretary of State, and
“transferor”, in relation to a relevant transfer, means the person from whom the property, rights or liabilities are transferred.