SCHEDULES

SCHEDULE 9 U.K. Taxation provisions relating to nuclear transfer schemes

Part 2 U.K. Transfers relating to BNFL or the UKAEA etc.

Application of rules for reorganisations under same ownership U.K.

17 U.K. Where the conditions set out in subsection (1) of section 343 of the Taxes Act (company reconstructions without a change of ownership) are satisfied in relation to a transfer to which this Part of this Schedule applies, that section shall have effect in relation to the transfer with the omission of subsection (4) (which restricts the losses that may be carried forward to the excess of relevant liabilities over relevant assets).

Commencement Information

I1 Sch. 9 para. 17 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1