SCHEDULES

SCHEDULE 33 Taxation provisions

Part I Transfers from London Regional Transport to Transport for London

Interpretation

1

In this Part of this Schedule—

  • “qualifying transfer” means a transfer of property, rights or liabilities by virtue of a transfer instrument;

  • “successor” means the body to which property, rights or liabilities are transferred by virtue of a transfer instrument;

  • “transfer date”, in the case of any transfer, means the date on which the transfer takes effect;

  • “transfer instrument” means—

    1. a

      an order under section 408 or 411 of this Act;

    2. b

      a scheme under section 409 of this Act; or

    3. c

      an instrument or agreement which is certified to the Commissioners of Inland Revenue by London Regional Transport as made in pursuance of such an order or scheme;

  • “transferor” in relation to any qualifying transfer, means the body from which the property, rights or liabilities in question are transferred by virtue of the transfer instrument in question.