Part 16Transitional provisions
Transitional rights in relation to AMPS B Band
161Transferee liable for payments
Where the management rights in relation to any frequency in respect of which an incumbent is registered as manager pursuant to section 155 are transferred to any other person, any payment that would have been required by section 157(1) to be made in respect of the incumbent's registration as manager if those management rights had not been transferred shall be payable by the transferee, and sections 157 to 160 shall apply accordingly as if the transferee were the incumbent.
Notwithstanding anything in subsection (1), where the management rights in relation to any frequency in respect of which an incumbent is registered as manager pursuant to section 155 are transferred to any other person, and the incumbent and the transferee are associated persons within the meaning of subpart YB of the Income Tax Act 2007
, any payment that would have been required by subsection (1) to be made in respect of the transferee's registration as manager shall be payable by the incumbent as if those management rights had not been transferred.
Notes
- Section 161(2): amended, on , by section 861 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
- Section 161(2): amended, on (effective for 2008–09 income year and later income years, except when the context requires otherwise), by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97).

