Article 2 Transfers 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 Acts^f1 those bodies are to be treated as the same person.

(3)

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

Annotations

Footnotes

f1: The expression “the Tax Acts” is defined in Schedule 1 to the Interpretation Act 1978 (c. 30) as meaning the Income Tax Acts and the Corporation Tax Acts. The same Schedule provides that “the Income Tax Acts” means all enactments relating to income tax, including any provisions of the Corporation Tax Acts which relate to income tax and that “the Corporation Tax Acts” means the enactments relating to the taxation of the income and chargeable gains of companies and of company distributions (including provisions relating to income tax).