SCHEDULES

SCHEDULE 13Transfer schemes: tax provisions

Part 3Transfers etc from taxable public bodies to exempt public bodies

Neutral effect of transfer for loan relationships and derivative contracts

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No credit or debit shall be required or allowed, in respect of a relevant transfer, to be brought into account in the transferor's case—

(a)

for the purposes of F1Part 5 of CTA 2009 (loan relationships), or

(b)

for the purposes of F2Part 7 of that Act (derivative contracts).