LAM14070 | Finance Act 2012 Transitional provisions: Assets held for purposes of long-term business: FA12/SCH17/PARA25-28

These transitional rules ensured that there were no tax consequences arising from the changes made in FA2012 to:

• the allocation of chargeable assets between BLAGAB and non BLAGAB

• the working of share pools where base costs were adjusted

These should not have any ongoing relevance to computations post 2013.