Part IV Transfers to Secretary of State From SRA and BR
Transport Act 2000 (2000 c 38) | Legislation

Part IV Transfers to Secretary of State From SRA and BR

Interpretation

19

In this Part of this Schedule—

“relevant transfer†means a transfer of property, rights or liabilities by virtue of—

(a)     a scheme under paragraph 1 of Schedule 21 under which the property, rights or liabilities are transferred to the Secretary of State, or

(b)     a scheme under paragraph 1 of Schedule 25,

“transfereeâ€, in relation to a relevant transfer, means the Secretary of State, and

“transferorâ€, in relation to a relevant transfer, means the person from whom the property, rights or liabilities are transferred.

Chargeable gains: groups

20

(1)     Sub-paragraph (2) applies if a company (“the degrouped companyâ€)—

(a)     acquired an asset from another company at any time when both were members of the same group of companies (“the old groupâ€), and

(b)     ceases by virtue of a relevant transfer to be a member of the old group.

(2)     Section 179 of the 1992 Act (company ceasing to be member of group) is not to treat the degrouped company as having by virtue of the transfer sold and immediately reacquired the asset.

(3)     If, disregarding any preparatory transactions, a company

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Malus and clawback

Malus and clawbackFORTHCOMING CHANGE: On 18 March 2021, it was announced that the government was launching a consultation on wide-ranging reforms to modernise the country’s audit and corporate governance regime, targeting the UK’s biggest businesses and ensuring markets work effectively. In relation

LEXISNEXIS

Medco

MedcoSTOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The small claims track limit for personal injury claims arising from an RTA is increased to £5000 in respect of general damages for pain, suffering and loss of

LEXISNEXIS

Notice to complete

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations.Time is generally not of the essence for completion of a contract for the sale of land. If the seller or the buyer delays completion, the defaulting party will be liable in damages

LEXISNEXIS

Indirect effect of EU law

Indirect effect of EU lawWhat is indirect effect of EU law?The doctrine of indirect effect, or consistent interpretation, is a duty that national courts have, as part of the Member State responsible for fulfilment of EU obligations, to interpret national law in light of EU law, especially with