Greater London Authority Act 1999

Valid from 12/01/2000

419 Taxation. E+W+S

(1) The following bodies, namely—

(a) Transport for London,

(b) the Metropolitan Police Authority, and

(c) the London Fire and Emergency Planning Authority,

shall each be treated as a local authority for the purposes of the enactments mentioned in subsection (2) below.

(2) The enactments are—

(a) section 519 of the M1 Income and Corporation Taxes Act 1988 (exemption of local authorities from income and corporation taxes); and

(b) section 271 of the M2 Taxation of Chargeable Gains Act 1992 (exemption of local authorities from capital gains tax).

(3) In sections 170 to 181 of the M3 Taxation of Chargeable Gains Act 1992 (groups of companies) references to a company do not apply to Transport for London.

(4) Schedule 33 to this Act (which makes further provision about taxation) shall have effect.

Marginal Citations

M1 1988 c. 1.

M2 1992 c. 12.

M3 1992 c. 12.