# Transport Act 2000, Paragraph 29

Extent: E+W+S+N.I.

(1) Sub-paragraph (2) applies if, as a result of a relevant transfer, the transferee replaces the transferor as a party to a loan relationship.
(2) Part 5 of the Corporation Tax Act 2009 is to have effect in relation to the time when the relevant transfer takes effect and any later time as if—
(a) the transferee had been a party to the loan relationship at the time the transferor became a party to the loan relationship and at all times since that time, and
(b) the loan relationship to which the transferee is a party after the time the transfer takes effect is the same loan relationship as that to which, by virtue of paragraph (a), it is treated as having been a party before that time.
(3) Expressions used in this paragraph and in Part 5 of the Corporation Tax Act 2009 have the same meanings in this paragraph as in that Part.

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Source: https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/29 (the official version)
Page: https://openlegislation.uk/transport-act-2000/schedule-26/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.