Schedules
Schedule 3Transitionals and savings
Part 12Supplemental
112Election regarding sale consideration
1
In relation to a transfer to which this paragraph applies, section 569(3) applies with the substitution for paragraph (a) of—
a
any of the parties is not resident in the United Kingdom at the time of the transfer and the circumstances are not at that time such that a relevant allowance or charge falls or might fall to be made to or on that party as a result of the transfer;
2
This paragraph applies to—
a
a transfer before 16th March 1993;
b
a transfer in pursuance of a contract entered into before that date; and
c
a transfer in pursuance of a contract entered into for the purpose of securing that obligations under a contract entered into before that date are complied with.