This section has no associated Explanatory Notes
23(1)If a compensating payment is made to the transferor, the proceeds from the balancing event are the amount of the payment.U.K.
(2)Otherwise, the proceeds from the balancing event are the amount which is equal to the residue of qualifying expenditure immediately before the transfer.
Commencement Information
I1Sch. 10 para. 23 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)