SCHEDULES

SCHEDULE 10Taxation provisions relating to transfer schemes

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

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

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For the purposes of the 1992 Act, a relevant transfer of an asset is to be treated as a disposal of that asset 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.