Valid from 26/06/2005

SCHEDULES

Valid from 24/07/2005

SCHEDULE 10 E+W+S Taxation provisions relating to transfer schemes

Valid from 01/04/2009

Part 2 E+W+S Other transfers under section 1(2) schemes

Continuity in relation to transfer of intangible assets E+W+S

17 (1) For the purposes of Schedule 29 to the Finance Act 2002 (c. 23)— E+W+S

(a) a relevant transfer of a chargeable intangible asset of the transferor is to be treated as a tax-neutral transfer; and

(b) an intangible fixed asset which is an existing asset of the transferor at the time of the transfer is to be treated, on and after the transfer, as an existing asset in the hands of the transferee.

(2) Expressions used in this paragraph and in that Schedule have the same meanings in this paragraph as in that Schedule.