Transport Act 2000 (c. 38)

SCHEDULES

SCHEDULE 26 U.K. Transfers: tax

Part IV U.K. Transfers to Secretary of State from SRA and BR

Interpretation U.K.

19 U.K. 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.