Paragraph 1

In this Part of this Schedule—

• “qualifying transfer” means a transfer of property, rights or liabilities by virtue of a transfer instrument;

• “successor” means the body to which property, rights or liabilities are transferred by virtue of a transfer instrument;

• “transfer date”, in the case of any transfer, means the date on which the transfer takes effect;

• “transfer instrument” means—

  1. (a)

     an order under section 408 or 411 of this Act;

  2. (b)

     a scheme under section 409 of this Act; or

  3. (c)

     an instrument or agreement which is certified to the Commissioners of Inland Revenue by London Regional Transport as made in pursuance of such an order or scheme;

• “transferor” in relation to any qualifying transfer, means the body from which the property, rights or liabilities in question are transferred by virtue of the transfer instrument in question.