Schedules
Schedule 3Transfer schemes
Continuity
I111
1
Anything which—
a
is done by the transferor for the purposes of, or otherwise in connection with, anything transferred by virtue of a scheme, and
b
is in effect immediately before the transfer date,
is to be treated as done by the transferee.
2
There may be continued by or in relation to the transferee anything (including legal proceedings)—
a
which relates to anything transferred by virtue of a scheme, and
b
which is in the process of being done by or in relation to the transferor immediately before the transfer date.