{
  "url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-3/paragraph-7",
  "json_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-3/paragraph-7.json",
  "legislation": "ukpga/2016/14",
  "legislation_title": "Bank of England and Financial Services Act 2016",
  "legislation_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016",
  "path": "schedule/3/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) This paragraph applies for the purposes of Part 8 of the Corporation Tax Act 2009.\n(2) Expressions used in this paragraph have the same meaning as in that Part.\n(3) The transfer of a chargeable intangible asset is a tax-neutral transfer.\n(4) An intangible fixed asset which is a pre-FA 2002 asset of the company at the time of the transfer is to be treated, on and after the transfer, as a pre-FA 2002 asset of the Bank.\n(5) “Transfer” means a transfer from the company to the Bank by virtue of section 15.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 3 para. 7 in force at 1.3.2017 by S.I. 2017/43, reg. 2(h)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/14/schedule/3/paragraph/7",
    "retrieved_at": "2026-10-29T09:06:19.191572+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}