{
  "url": "https://openlegislation.uk/british-waterways-board-tax-consequences-order-2012/article-4",
  "json_url": "https://openlegislation.uk/british-waterways-board-tax-consequences-order-2012/article-4.json",
  "legislation": "uksi/2012/1709",
  "legislation_title": "The British Waterways Board (Tax Consequences) Order 2012",
  "legislation_url": "https://openlegislation.uk/british-waterways-board-tax-consequences-order-2012",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Capital allowances: transfer involving part of a trade",
  "text": "(1) Where BWB is carrying on a trade and, as a result of a relevant transfer—\n(a) BWB ceases to carry on that trade, and\n(b) CRT or CRT CIC begins to carry on activities of that trade as part of a trade carried on by it,\nthen that part of the trade carried on by CRT, or CRT CIC, is treated for the purposes of article 3 as a separate trade.\n(2) Where BWB is carrying on a trade and, as a result of a relevant transfer—\n(a) BWB ceases to carry on a part of that trade, and\n(b) CRT or CRT CIC begins to carry on activities of that part of that trade,\nthen BWB is treated for the purposes of article 3 and paragraph (1) as having carried on that part of its trade as a separate trade.\n(3) Where activities fall to be treated under this article as a separate trade, such apportionments of receipts, expenses, assets and liabilities are to be made for the purposes of CAA 2001 as may be just and reasonable.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/1709/article/4",
    "retrieved_at": "2026-10-29T01:27:02.817425+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."
}