{
  "url": "https://openlegislation.uk/greater-london-authority-act-1999/schedule-33/paragraph-7",
  "json_url": "https://openlegislation.uk/greater-london-authority-act-1999/schedule-33/paragraph-7.json",
  "legislation": "ukpga/1999/29",
  "legislation_title": "Greater London Authority Act 1999",
  "legislation_url": "https://openlegislation.uk/greater-london-authority-act-1999",
  "path": "schedule/33/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "Any payment made by a relevant body to a company in pursuance of a PPP agreement shall be deemed for the purposes of the Corporation Tax Acts—\n(a) in the case of the relevant body, to be an expense of a revenue, rather than a capital, nature (and deductible accordingly in computing profits under Part 3 of the Corporation Tax Act 2009); and\n(b) in the case of the company, to be a receipt of a trade carried on by the company (and taxable accordingly under Part 3 of the Corporation Tax Act 2009).",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 33 para. 7(a) substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 296(a) (with Sch. 9 paras. 1-9, 22)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 33 para. 7(b) substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 296(b) (with Sch. 9 paras. 1-9, 22)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/7",
    "retrieved_at": "2026-10-29T09:21:45.840103+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}