SCHEDULES

SCHEDULE 10Taxation provisions relating to transfer schemes

Part 2Other transfers under section 1(2) schemes

Continuity in relation to transfer of intangible assets

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(1)

For the purposes of F1Part 8 of the Corporation Tax Act 2009—

(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 F1a pre-FA 2002 asset of the transferor at the time of the transfer is to be treated, on and after the transfer, as F1a pre-FA 2002 asset in the hands of the transferee.

(2)

Expressions used in this paragraph and in F2that Part have the same meanings in this paragraph as in F2that Part.