SCHEDULE 1CROSS-BORDER TRANSFERS OF BUSINESS

PART 4AMENDMENTS OF FA 2002

Intangible fixed assets24

In paragraph 127 (certain assets to be treated as existing assets)—

a

in sub-paragraph (1)(b)(ii) for “trade” substitute “business”, and

b

in sub-paragraph (1)(b)(iii)36 for “(transfer on formation of SE by merger)” substitute “(merger leaving assets within UK tax charge)”.