Amendment of paragraph 13 of Schedule 17 (transitional provision)3.
(1)
Paragraph 13 of Schedule 17 to the Finance Act 2012 is amended as follows.
(2)
In sub-paragraph (4)(a), for “proportion” substitute “amount”.
(3)
For sub-paragraph (5) substitute—
“(5)
In sub-paragraph (4)(a), “the appropriate amount” means the amount which fairly represents the value of the receipts or expenses attributable to the part of the business transferred immediately before the transfer.”.