[342D Recovery of excessive contributions in pension-sharing cases]

[342D  Recovery of excessive contributions in pension-sharing cases]

[(1)     For the purposes of sections 339, 341 and 342, a pension-sharing transaction shall be taken—

(a)     to be a transaction, entered into by the transferor with the transferee, by which the appropriate amount is transferred by the transferor to the transferee; and

(b)     to be capable of being a transaction entered into at an undervalue only so far as it is a transfer of so much of the appropriate amount as is recoverable.

(2)     For the purposes of sections 340 to 342, a pension-sharing transaction shall be taken—

(a)     to be something (namely a transfer of the appropriate amount to the transferee) done by the transferor; and

(b)     to be capable of being a preference given to the transferee only so far as it is a transfer of so much of the appropriate amount as is recoverable.

(3)     If on an application under section 339 or 340 any q

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