SCHEDULES
SCHEDULE 10

Taxation provisions relating to transfer schemes
Part 2

Other transfers under section 1(2) schemes

Continuity in relation to derivative contracts
19
1
For the purposes of the application of Part 7 of the Corporation Tax Act 2009 (derivative contracts) in relation to a relevant transfer, the transferee and the transferor are to be treated as if, at the time of the transfer, they were members of the same group.
2
In sub-paragraph (1), the reference to being members of the same group must be construed in accordance with section 624(3) of that Act.
Sch. 10 para. 19 in force at 8.6.2005 by S.I. 2005/1444, art. 2(1), Sch. 1
Words in Sch. 10 para. 19(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 667(6)(a) (with Sch. 2 Pts. 1, 2)
Words in Sch. 10 para. 19(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 667(6)(b) (with Sch. 2 Pts. 1, 2)