SCHEDULES

SCHEDULE 14Transfer of deductions

Commencement and transitional provision

3

(1)

The amendments made by this Schedule have effect in relation to a qualifying change if the relevant day is on or after 20 March 2013.

(2)

But those amendments do not have effect if before that date—

(a)

the arrangements made to bring about the qualifying change were entered into, or

(b)

there was an agreement, or common understanding, between the parties to those arrangements as to the principal terms on which the qualifying change would be brought about.

(3)

If—

(a)

the relevant day in relation to a qualifying change is before 26 June 2013, or

(b)

paragraph (a) or (b) of sub-paragraph (2) was satisfied before that date,

those amendments have effect in relation to the qualifying change as if section 730C(9)(b) were omitted.