10(1)This paragraph applies for the purposes of Schedule 29 to FA 2002 (intangible assets).E+W
(2)Expressions used in this paragraph have the same meaning as in that Schedule.
(3)A transfer between bodies of a chargeable intangible asset is a tax-neutral transfer.
(4)An intangible fixed asset which is an existing asset of the transferor at the time of a transfer between bodies is to be treated, on and after the transfer, as an existing asset of the transferee.
(5)A transfer to government of a chargeable intangible asset is to be treated as not involving a realisation of the asset by the transferor.
Commencement Information
I1Sch. 7 para. 10 in force at 8.9.2008 as it applies in relation to, or makes provision about the tax implications of, schemes under ss. 51 and 65 by S.I. 2008/2358, arts. 2(1), 3(1)