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The Natural Resources Body for Wales (Tax Consequences) Order 2013

S.I. 2013/489 · Made 6 March 2013

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Corporation Tax

Income Tax

Made 6th March 2013

Laid before the House of Commons 7th March 2013

Coming into force 1st April 2013

The Treasury make this Order in exercise of the powers conferred by section 25 of the Public Bodies Act 2011f1.

Annotations to the whole text

Footnotes

f1

2011 c. 24 Income tax and corporation tax are relevant taxes for the purposes of section 25 of the Public Bodies Act 2011.

Contents

  1. 1Citation and Commencement
  2. 2Transfers from the Countryside Council for Wales to the Natural Resources Body for Wales
  3. Signature
  4. Explanatory note

1Citation and Commencement

This Order may be cited as the Natural Resources Body for Wales (Tax Consequences) Order 2013 and comes into force on 1st April 2013.

2Transfers from the Countryside Council for Wales to the Natural Resources Body for Wales

(1)

This article applies in the case of any transfer of property, rights or liabilities from the Countryside Council for Wales to the Natural Resources Body for Wales as a result of a transfer scheme made by the Welsh Ministers under section 23 of the Public Bodies Act 2011.

(2)

For the purposes of the Tax Actsf1 those bodies are to be treated as the same person.

(3)

In particular, the transfer is to be disregarded for those purposes.

Signature

David Evennett

Anne Milton

Two of the Lords Commissioners of Her Majesty’s Treasury

6th March 2013

Explanatory note

(This note is not part of the Order)

This Order deals with tax consequences of a transfer scheme made under section 23 of the Public Bodies Act 2011 (c. 24) transferring property, rights and liabilities from the Countryside Council for Wales (“the CCW”) to the Natural Resources Body for Wales (“the NRBW”).

For income tax and corporation tax purposes the CCW and the NRBW are to be treated as the same person and in particular any transfer of property, rights or liabilities from the CCW to the NRBW is to be disregarded for those purposes.

A Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.