SCHEDULES

SCHEDULE 10Taxation provisions relating to transfer schemes

Part 1Transfers to a national authority under section 1(2) schemes

Continuity in relation to transfer of intangible assets

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(1)

For the purposes of Schedule 29 to the Finance Act 2002 (c. 23), a relevant transfer of a chargeable intangible asset of the transferor is to be treated as a tax-neutral transfer.

(2)

Expressions used in this paragraph and in that Schedule have the same meanings in this paragraph as in that Schedule.