SCHEDULES

SCHEDULE 33 E+W+S Taxation provisions

Part II E+W+S Public-Private Partnership Agreements

Chargeable gains: the share transfer to the private sector company E+W+S

8 E+W+SFor the purposes of the M1 Taxation of Chargeable Gains Act 1992, where pursuant to a PPP agreement there is a transfer of shares of a PPP company—

(a) from London Regional Transport or any of its subsidiaries,

(b) to a private sector company,

the transfer shall be deemed, in relation to the private sector company as well as the transferor, to be for a consideration such that neither a gain nor a loss accrues to the transferor.

Marginal Citations

M1 1992 c. 12.