Part XII Supplementary Provisions
Taxation provisions
419 Taxation.
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
F3aa
section 838 of the Income Tax Act 2007 (exemption of local authorities from income tax); and
b
section 271 of the M2Taxation of Chargeable Gains Act 1992 (exemption of local authorities from capital gains tax).
3
In sections 170 to 181 of the M3Taxation 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.