8. After section 154(2C) (new assets which are depreciating assets) (inserted by paragraph 6 of Schedule 2) insert—U.K.
“(2D) Subsections (2A) and (2B) shall apply in relation to the transfer of an asset in circumstances where section 140A applies as they apply in relation to the transfer of an asset on a merger to which section 140E M1 applies, and for that purpose—
(a)references to the merger shall be treated as references to the transfer,
(b)references to section 140E shall be treated as references to section 140A, and
(c)references to the transferor and the transferee shall be treated as references to the transferor and the transferee in relation to the asset.”.
Marginal Citations
M1Section 140E is inserted by paragraph 2 of Schedule 2 to these Regulations.