# Greater London Authority Act 1999, Paragraph 8


For the purposes of the Taxation of Chargeable Gains Act 1992, where pursuant to a PPP agreement there is a transfer of shares of a PPP company—
(a) from London Regional Transport or any of its subsidiaries,
(b) to a private sector company,
the transfer shall be deemed, in relation to the private sector company as well as the transferor, to be for a consideration such that neither a gain nor a loss accrues to the transferor.

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Source: https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/8 (the official version)
Page: https://openlegislation.uk/greater-london-authority-act-1999/schedule-33/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.