MEANING OF “RELEVANT TRANSFER” IN PART 2 OF SCHEDULE

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

COMPUTATION OF PROFITS AND LOSSES IN RESPECT OF TRANSFER OF TRADE

10(1)  This paragraph applies where a person (“the predecessor”) is carrying on a trade or a part of a trade and, in consequence of a scheme made under section 1(2)–

(a)the predecessor ceases to carry on that trade or that part of that trade; and

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