SCHEDULES

SCHEDULE 26 Transfers: tax

Part V Transfers from SRA to franchise company

Interpretation

23

In this Part of this Schedule—

  • “relevant transfer” means a transfer of property, rights or liabilities by virtue of a scheme under paragraph 1 of Schedule 21 under which the property, rights or liabilities are transferred to a franchise company,

  • “transferee”, in relation to a relevant transfer, means the franchise company to whom the property, rights or liabilities are transferred, and

  • “transferor”, in relation to a relevant transfer, means the person from whom the property, rights or liabilities are transferred.