SCHEDULES

SCHEDULE 10Taxation provisions relating to transfer schemes

Part 5Interpretation of Schedule

I1I234

1

In this Schedule—

  • “the 1992 Act” means the Taxation of Chargeable Gains Act 1992 (c. 12);

  • “the 2001 Act” means the Capital Allowances Act 2001 (c. 2);

  • “national authority” means—

    1. a

      the Secretary of State;

    2. b

      the Scottish Ministers;

    3. c

      F2the Welsh Ministers; or

    4. d

      the F1Office of Rail and Road;

  • “the Taxes Act” means the Income and Corporation Taxes Act 1988 (c. 1);

  • “transferee”, in relation to a transfer in accordance with a scheme made under section 1(2) or 12, means the person to whom the transfer is made;

  • “transferor”, in relation to a transfer in accordance with a scheme made under section 1(2) or 12, means the person from whom the transfer is made.

2

So far as it relates to corporation tax this Schedule is to be construed as one with the Corporation Tax Acts.

3

So far as it relates to capital allowances this Schedule is to be construed as one with the 2001 Act.