SCHEDULES

SCHEDULE 13Transfer schemes: tax provisions

Part 3Transfers etc from taxable public bodies to exempt public bodies

Neutral effect of transfer of intangible assets

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1

For the purposes of F1Part 8 of CTA 2009, a relevant transfer of a chargeable intangible asset of the transferor is to be treated as not involving any realisation of the asset by the transferor.

2

Expressions used in this paragraph and in that F2Part have the same meanings in this paragraph as in that F2Part.