Schedules

Schedule 3Transfer schemes

Continuity

I111

1

Anything which—

a

is done by the transferor for the purposes of, or otherwise in connection with, anything transferred by virtue of a scheme, and

b

is in effect immediately before the transfer date,

is to be treated as done by the transferee.

2

There may be continued by or in relation to the transferee anything (including legal proceedings)—

a

which relates to anything transferred by virtue of a scheme, and

b

which is in the process of being done by or in relation to the transferor immediately before the transfer date.