SCHEDULES

SCHEDULE 13Employer asset-backed pension contributions etc

PART 4Transitional provision relating to Part 3

Certain tax consequences not to have effect

26

1

This paragraph applies if, apart from this Part of this Schedule, a relevant charging provision applies in relation to the asset-backed arrangement.

2

The relevant charging provision is to apply in relation to the asset-backed arrangement instead of paragraph 23, 24 or 25 above (as the case may be) to the extent of any overlap.

3

In this paragraph “relevant charging provision” means—

a

section 809BZB, 809BZC, 809BZH or 809BZK of ITA 2007, or

b

section 759, 760, 765 or 768 of CTA 2010.