# Railways Act 2005, Paragraph 5


For the purposes of the 1992 Act, a relevant transfer of an asset is to be treated as a disposal of that asset to the transferee for a consideration of such amount as would secure that, on the disposal, neither a gain nor a loss accrues to the transferor.

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Source: https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/5 (the official version)
Page: https://openlegislation.uk/railways-act-2005/schedule-10/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.