SCHEDULES

SCHEDULE 24 U.K. Transfers and transfer schemes: tax provisions

PART 2 U.K. Certain transfers under scheme under section 190 or 191

Interpretation of Part 2 of Schedule U.K.

2 U.K. In this Part of this Schedule—

• “CTA 2009” means the Corporation Tax Act 2009,

• “public body” means—

  (a)

  a person which is a public body for the purposes of section 66 of the Finance Act 2003 (stamp duty land tax: transfers involving public bodies), or

  (b)

  a person prescribed for the purposes of this Part of this Schedule by order made by the Treasury,

• “relevant transfer” means—

  (a)

  a transfer, in accordance with a transfer scheme under section 190, to a taxable public body of property, rights or liabilities of the Homes and Communities Agency, or

  (b)

  a transfer, in accordance with a transfer scheme under section 191, to a taxable public body,

• “taxable public body” means a public body which is within the charge to corporation tax,

• “transferee”, in relation to a transfer in accordance with a transfer scheme under section 190 or 191, means the person to whom the transfer is made, and

• “transferor”—

  (a)

  means the Homes and Communities Agency in relation to a transfer, in accordance with a transfer scheme under section 190, of property, rights or liabilities of that Agency, and

  (b)

  means the London Development Agency in relation to a transfer in accordance with a transfer scheme under section 191.

Commencement Information

I1 Sch. 24 in force for specified purposes at Royal Assent see s. 240(5)(o)

I2 Sch. 24 para. 2 in force at 30.3.2012 for E.W. by S.I. 2012/628, art. 3(b)