# The British Waterways Board (Tax Consequences) Order 2012, Article 4: Capital allowances: transfer involving part of a trade


(1) Where BWB is carrying on a trade and, as a result of a relevant transfer—
(a) BWB ceases to carry on that trade, and
(b) CRT or CRT CIC begins to carry on activities of that trade as part of a trade carried on by it,
then that part of the trade carried on by CRT, or CRT CIC, is treated for the purposes of article 3 as a separate trade.
(2) Where BWB is carrying on a trade and, as a result of a relevant transfer—
(a) BWB ceases to carry on a part of that trade, and
(b) CRT or CRT CIC begins to carry on activities of that part of that trade,
then 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.
(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.

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Source: https://www.legislation.gov.uk/uksi/2012/1709/article/4 (the official version)
Page: https://openlegislation.uk/british-waterways-board-tax-consequences-order-2012/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.