SCHEDULES

SCHEDULE 9Taxation provisions relating to nuclear transfer schemes

Part 2Transfers relating to BNFL or the UKAEAetc.

Chargeable gains: assets to be treated as disposed without a gain or a loss

I118

1

This paragraph applies for the purposes of the 1992 Act where an asset is transferred by a transfer to which this Part of this Schedule applies.

2

The asset shall be treated as disposed of to the transferee for a consideration of such amount as would secure that, on the disposal, neither a gain nor a loss accrues to the transferor.