# Finance Act 1994, Paragraph 24


No charge to tax shall arise by virtue of section 36 of the Taxes Act 1988 (charge on sale of land with right to reconveyance) where the sale in question is constituted by a disposition to a franchise company—
(a) by virtue of a transfer scheme;
(b) pursuant to an obligation imposed by a transfer scheme by virtue of section 91(1)(c) of the Railways Act 1993; or
(c) pursuant to paragraph 2 of Schedule 8 to that Act.

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Source: https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24 (the official version)
Page: https://openlegislation.uk/finance-act-1994/schedule-24/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.