SCHEDULES

SCHEDULE 7 U.K. Transfer schemes: tax

Interpretation U.K.

1 U.K.In this Schedule—

• “the 1988 Act” means the M1 Income and Corporation Taxes Act 1988;

• “the 1990 Act” means the M2 Capital Allowances Act 1990;

• “the 1992 Act” means the M3 Taxation of Chargeable Gains Act 1992;

• “relevant transfer” means a transfer of property, rights or liabilities under a transfer scheme;

• “transferee” in relation to a relevant transfer means the person to whom the property, rights or liabilities are transferred;

• “transferor” in relation to a relevant transfer means the person from whom the property, rights or liabilities are transferred.

Commencement Information

I1 Sch. 7 paras. 1-20 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)

Marginal Citations

M1 1988 c. 1.

M2 1990 c. 1.

M3 1992 c. 12.