Paragraph 3

For the purposes of . . . F1 Chapter II of Part XI of the M1Income and Corporation Taxes Act 1970 (which relates to companies’ capital gains) the transfer by the said Schedule 2, of any assets shall be deemed to be a sale of those assets by the Secretary of State to the CAA in the open market at a price equal to so much of the initial debt as is determined by the Secretary of State to relate to those assets; . . .