MEANING OF “RELEVANT TRANSFER” IN PART 1 OF SCHEDULE

1  In this Part of this Schedule, “relevant transfer”  means a transfer in accordance with a scheme made under section 1(2) to a national authority.

CAPITAL ALLOWANCES: DETERMINATION OF DISPOSAL VALUE OF PLANT OR MACHINERY

2(1)  This paragraph applies to a relevant transfer of plant or machinery which is a disposal event for the purposes of Part 2 of the 2001 Act (capital allowances for plant and machinery).

2(2)  For the purposes of the application of section 61 of that Act in relation to the transferor, the disposal value of the plant or machinery is to be treated–

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