# The Trustee Savings Banks Act 1985 (Channel Islands) Order 1985, Paragraph 8


For Schedule 2 there shall be substituted the following Schedule:—
“SCHEDULE 2
TAXATION
1 In computing profits or losses for the purposes of the Income Tax (Jersey) Law 1961, an existing bank and its successor shall be deemed to be a continuing concern and tax shall be computed, charged, collected and paid accordingly.
2 No transfer effected by section 3 above shall give rise to any liability to stamp duty.”.

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Source: https://www.legislation.gov.uk/uksi/1985/1210/schedule/1/paragraph/8 (the official version)
Page: https://openlegislation.uk/trustee-savings-banks-act-1985-channel-islands-order-1985/schedule-1/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.