(1) Section 400 of the Principal Act is amended -

(a) in subsection (6), by the insertion of "in respect of assets which have transferred from the predecessor to the successor on the transfer of the trade," after "sections 307 and 308; but,", and

(b) by the insertion of the following subsection after subsection (7A):

"(7B)

(a) Where the trade consists of the carrying on of relevant activities (within the meaning of section 291A(5)(a)) -

(i) the predecessor shall not be entitled to any relief under section 291A(6)(b)(i) in respect of an excess amount (within the meaning of section 291A(6)(b)(i)), or portion thereof, as the case may be, which relates to a specified intangible asset which transferred from the predecessor to the successor on the transfer of the trade (in this subsection referred to as 'the transferable excess amount'), and the successor shall be entitled to relief under section 291A(6)(b)(i) in respect of the transferable excess amount, for which the predecessor would have been entitled to claim relief if the predecessor had continued to carry on the trade, and