# Transport Act 2000, Paragraph 15

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

(1) This paragraph applies for the purposes of Chapter 4 of Part 19 of the Corporation Tax Act 2010 or Chapter 4 of Part 12A of the Income Tax Act 2007 (assets leased to traders and others) if the interest of the lessor or the lessee under a lease, or any other interest in an asset, is transferred to a person under a relevant transfer.
(2) The transfer is to be treated as made without any capital sum having been obtained in respect of the interest by the transferor or the transferee; and this is so notwithstanding section 879 of the Corporation Tax Act 2010 and section 681DI of the Income Tax Act 2007.

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Source: https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/15 (the official version)
Page: https://openlegislation.uk/transport-act-2000/schedule-7/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.