Point in time view as at 06/04/2010.
Transport Act 2000, Paragraph 6 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
6(1)This paragraph applies if—U.K.
(a)but for section 154 of the 1992 Act (depreciating assets) a held-over gain would have been carried forward to a depreciating asset,
(b)the asset is the subject of a relevant transfer, and
(c)the Secretary of State is not the transferee under the relevant transfer.
(2)Section 154 is to have effect as if the gain had accrued to, and the claim for it to be held over had been made by, the transferee and as if the transferor’s acquisition of the depreciating asset had been the transferee’s acquisition of it.
(3)Expressions used in this paragraph and in section 154 have the same meanings in this paragraph as in that section.
Commencement Information
I1Sch. 7 paras. 1-20 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)
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