27 Exemptions.U.K.
(1)The Board and every wholly owned subsidiary of the Board shall be exempt from corporation tax.
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)M1The provisions of the Moneylenders Act 1900 to 1927 and the Moneylenders Acts (Northern Ireland) 1900 to 1969 shall not apply—
(a)to F2. . .the Board; or
(b)to any body corporate the whole of whose issued share capital is held by or on behalf of the Board.
Textual Amendments
F1S. 27(2) repealed (21.3.1997) by 1995 c. 24, s. 13(2), Sch. 2 Pt. I (with saving in s. 11(8)); S.I. 1997/1139, art. 2
F2Words in s. 27(3) repealed (21.3.1997) by 1995 c. 24, s. 13(2), Sch. 2 Pt. I (with saving in s. 11(8)); S.I. 1997/1139 art. 2
Marginal Citations