SCHEDULES

SCHEDULE 13 U.K.Transfer schemes: tax provisions

Part 3 U.K.Transfers etc from taxable public bodies to exempt public bodies

Neutral effect of transfer of intangible assets U.K.

23 (1) For the purposes of [F1 Part 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. U.K.

(2) Expressions used in this paragraph and in that [F2 Part] have the same meanings in this paragraph as in that [F2 Part].

Textual Amendments

F1 Words in Sch. 13 para. 23(1) substituted (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 739(9)(a) (with Sch. 2 Pts. 1, 2)

F2 Word in Sch. 13 para. 23(2) substituted (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 739(9)(b) (with Sch. 2 Pts. 1, 2)