The Housing and Regeneration Transfer Schemes (Tax Consequences) Regulations 2015

Interpretation

2.—(1) In these Regulations—

“CAA 2001” means the Capital Allowances Act 2001(1);

“public body” means a person which is a public body for the purposes of section 66 of the Finance Act 2003(2);

“TCGA 1992” means the Taxation of Chargeable Gains Act 1992(3);

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

“transfer scheme” means a transfer scheme made under—

(a)

section 333DA of the Greater London Authority Act 1999, or

(b)

section 53A of the Housing and Regeneration Act 2008;

“trading stock” has the meaning given by section 163 of the Corporation Tax Act 2009(4);

“transferee”, in relation to a transfer scheme, means the person to whom the transfer is made;

“transferor”, in relation to a transfer scheme, means the person from whom the transfer is made.

(2) Expressions used in regulations 7 and 8 and in Part 2 of CAA 2001 have the same meanings in those regulations as in that Part.

(1)

2001 c. 2.

(2)

2003 c. 14. Section 66 was amended by paragraph 18 of Schedule 10 to the Finance (No. 2) Act 2005 (c. 22); paragraph 64 of Schedule 10 to the Government of Wales Act 2006 (c. 32); paragraph 234 of Schedule 1 to the National Health Service (Consequential Provisions) Act 2006 (c. 43); article 3(5)(a) of the Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890) and paragraph 87 of Schedule 14 to the Health and Social Care Act 2012 (c. 7).

(3)

1992 c. 12.

(4)

2009 c. 4.