# Transport Act 2000, Paragraph 2

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

(1) For the purposes of the 1992 Act a disposal constituted by a relevant transfer is to be taken (in relation to the transferee as well as the transferor) to be for a consideration such that no gain or loss accrues to the transferor.
(2) Sub-paragraph (1) has effect subject to the following provisions of this Schedule.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) Section 171(1) of the 1992 Act (provision in relation to disposal of assets from one member of a group of companies to another member of the group) does not apply if the disposal in question is constituted by a relevant transfer.
(5) Expressions used in this paragraph and in the 1992 Act have the same meanings in this paragraph as in that Act.

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Source: https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/2 (the official version)
Page: https://openlegislation.uk/transport-act-2000/schedule-7/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.