# Bank of England and Financial Services Act 2016, Paragraph 7


(1) This paragraph applies for the purposes of Part 8 of the Corporation Tax Act 2009.
(2) Expressions used in this paragraph have the same meaning as in that Part.
(3) The transfer of a chargeable intangible asset is a tax-neutral transfer.
(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.
(5) “Transfer” means a transfer from the company to the Bank by virtue of section 15.

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Source: https://www.legislation.gov.uk/ukpga/2016/14/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.