SCHEDULES

SCHEDULE 2Transitionals and savings etc.

Part 8Miscellaneous income

Certain telecommunication rights

131

(1)

That Chapter also does not apply to an IRU acquired by a person on or after that date (directly or indirectly) from an associate or an associated company if the associate or associated company acquired the IRU before that date.

(2)

In sub-paragraph (1)—

“associate” has the meaning given by F1section 448 of CTA 2010, and

“associated company”—

(a)

in relation to another company, has the meaning given by F2section 449 of that Act, and

(b)

in relation to any other person, means a company of which that person has control within the meaning of F3sections 450 and 451 of that Act.