This section has no associated Explanatory Notes
7(1)This paragraph applies for the purposes of Part 8 of the Corporation Tax Act 2009.U.K.
(2)Expressions used in this paragraph have the same meaning as in that Part.
(3)The transfer of a chargeable intangible asset is a tax-neutral transfer.
(4)An intangible fixed asset which is a pre-FA 2002 asset of the company at the time of the transfer is to be treated, on and after the transfer, as a pre-FA 2002 asset of the Bank.
(5)“Transfer” means a transfer from the company to the Bank by virtue of section 15.
Commencement Information
I1Sch. 3 para. 7 in force at 1.3.2017 by S.I. 2017/43, reg. 2(h)