SCHEDULES
SCHEDULE 13Transfer schemes: tax provisions
Part 2Transfers etc between taxable public bodies
13Continuity in relation to transfer of intangible assets
1
For the purposes of Schedule 29 to FA 2002—
a
a relevant transfer of a chargeable intangible asset of the transferor is to be treated as a tax-neutral transfer, and
b
an intangible fixed asset which is an existing asset of the transferor at the time of a relevant transfer is to be treated, on and after the transfer, as an existing asset in the hands of the transferee.
2
Expressions used in this paragraph and in that Schedule have the same meanings in this paragraph as in that Schedule.