SCHEDULES
SCHEDULE 12

Transfer schemes
Part 4

General provisions about transfer schemes

Identifying what is transferred or created by a scheme
7
1
A scheme may define property, rights or liabilities for whose transfer it provides—
a
by specifying it or them;
b
by describing it or them.
2
A scheme may define retained property for the purposes of provision made under paragraph 6(1)(b)—
a
by specifying it;
b
by describing it.
3
A description of property, rights or liabilities may be framed (in particular)—
a
by reference to the transferor's undertaking;
b
by reference to a specified part of that undertaking.