This paragraph applies for the purposes of F1Chapter 4 of Part 19 of the Corporation Tax Act 2010 F2or Chapter 4 of Part 12A of the Income Tax Act 2007 (assets leased to traders and others) if the interest of the lessor or the lessee under a lease, or any other interest in an asset, is transferred to a person under a relevant transfer.

The transfer is to be treated as made without any capital sum having been obtained in respect of the interest by the transferor or the transferee; and this is so notwithstanding F3section 879 of F4the Corporation Tax Act 2010 and section 681DI of the Income Tax Act 2007.