PART 3INDUSTRIAL AND PROVIDENT SOCIETIES
Intangible fixed assets transferred as if at no gain or no loss30
1
This regulation applies if—
a
there is a relevant transfer by an industrial and provident society; and
b
the transferor is treated—
i
for the purposes of these Regulations; or
ii
by virtue of section 486 of ICTA (industrial and provident societies and co-operative associations)36,
as disposing of any assets for a consideration of such amount as would secure that neither a gain nor a loss would accrue to the transferor on that disposal.
2
The assets, in the hands of the transferee, shall be treated as not satisfying the general rule set out in section 882(1) of CTA (application of Part 8 to assets created or acquired on or after 1 April 2002)37.