Part XII Supplementary Provisions

Taxation provisions

419 Taxation.

(1)

The following bodies, namely—

(a)

Transport for London,

(b)

the F1Mayor's Office for Policing and Crime, and

(c)

F2the London Fire and Emergency Planning Authority,

F2the London Fire Commissioner,

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

(2)

The enactments are—

F3(a)

section 984 of the Corporation Tax Act 2010 (exemption of local authorities from corporation tax);

F4(aa)

section 838 of the Income Tax Act 2007 (exemption of local authorities from income tax); and

(b)

section 271 of the M1Taxation of Chargeable Gains Act 1992 (exemption of local authorities from capital gains tax).

(3)

In sections 170 to 181 of the M2Taxation 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.