Chargeable gains: disposal of debtsE+W+S
27(1)This paragraph applies to a relevant transfer of a debt owed to the transferor if the transferor would (apart from this paragraph) be the original creditor in relation to that debt for the purposes of section 251 of the 1992 Act (disposal of debts).E+W+S
(2)The 1992 Act is to have effect as if the transferee (and not the transferor) were the original creditor for those purposes.
Commencement Information
I1Sch. 10 para. 27 in force at 24.7.2005 by S.I. 2005/1909, art. 2, Sch.