SCHEDULE 1CROSS-BORDER TRANSFERS OF BUSINESS

PART 1AMENDMENTS OF TGCA 1992

Division of UK business3

In section 140B (section 140A: anti-avoidance)—

a

for “company A” substitute “the transferor”,

b

for “company B” substitute “the transferee (or each of the transferees)”, and

c

for “trade” substitute “business”.