Valid from 05/03/2009

SCHEDULES

SCHEDULE 13 U.K. Transfer schemes: tax provisions

Part 2 U.K. Transfers etc between taxable public bodies

Continuity in relation to derivative contracts U.K.

15 (1) For the purposes of the application of Schedule 26 to FA 2002 (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. U.K.

(2) In sub-paragraph (1) the reference to being members of the same group must be construed in accordance with paragraph 28(6) of that Schedule.