# Greater London Authority Act 1999, Paragraph 12

Extent: E+W+S

(1) Nothing in—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) section 176(2) or (3) of that Act, or
(c) sections 67 and 68. of that Act,
shall, by reason only of any provision made by or under a PPP agreement, affect the entitlement of any company to capital allowances in respect of capital expenditure incurred by it.
(2) Where, in accordance with any provision made by or under a PPP agreement, any machinery or plant in respect of which a company has been entitled to allowances under Part 2 of the Capital Allowances Act 2001 falls to be transferred, on the expiration of the term of the PPP agreement, from the company—
(a) to a relevant body, or
(b) to such other body or person as a relevant body may specify in accordance with the PPP agreement,
the disposal constituted by that transfer shall be deemed for the purposes of that Part to be for a nil consideration, notwithstanding item 7 in the Table in section 61(2) of that Act.

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Source: https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/12 (the official version)
Page: https://openlegislation.uk/greater-london-authority-act-1999/schedule-33/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.