SCHEDULES

SCHEDULE 14Transfer of deductions

Commencement and transitional provision

3

1

The amendments made by this Schedule have effect in relation to a qualifying change if the relevant day is on or after 20 March 2013.

2

But those amendments do not have effect if before that date—

a

the arrangements made to bring about the qualifying change were entered into, or

b

there was an agreement, or common understanding, between the parties to those arrangements as to the principal terms on which the qualifying change would be brought about.

3

If—

a

the relevant day in relation to a qualifying change is before 26 June 2013, or

b

paragraph (a) or (b) of sub-paragraph (2) was satisfied before that date,

those amendments have effect in relation to the qualifying change as if section 730C(9)(b) were omitted.