Miscellaneous and general
27 Exemptions.
1
The Board and every wholly owned subsidiary of the Board shall be exempt from corporation tax.
F12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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.