SCHEDULES

SCHEDULE 10 E+W+S Taxation provisions relating to transfer schemes

Part 2 E+W+S Other transfers under section 1(2) schemes

Continuity in relation to derivative contracts E+W+S

19 (1) For the purposes of the application of Schedule 26 to the Finance Act 2002 (derivative contracts) in relation to a relevant transfer, the transferee and the transferor are to be treated as if, at the time of the transfer, they were members of the same group. E+W+S

(2) In sub-paragraph (1), the reference to being members of the same group must be construed in accordance with paragraph 28(6) of that Schedule.

Commencement Information

I1 Sch. 10 para. 19 in force at 8.6.2005 by S.I. 2005/1444, art. 2(1), Sch. 1