26 Transfer schemes

Transfer of property etc

26  Transfer schemes

(1)     The Commissioners for Her Majesty's Revenue and Customs may make one or more schemes for the transfer of specified property, rights or liabilities or property, rights or liabilities of a specified description between—

(a)     the Commissioners or officers of Revenue and Customs, and

(b)     the Secretary of State, the Director of Border Revenue or designated customs officials.

(2)     A scheme under subsection (1) may, in particular—

(a)     create interests or rights, or impose liabilities, in relation to property, rights or liabilities transferred by virtue of the scheme or retained by a transferor;

(b)     apportion property, rights or liabilities between a transferor and a transferee.

(3)     A scheme under

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