The London Legacy Development Corporation (Tax Consequences) Regulations, SI 2012/701, deal with the tax consequences of the transfer under London Legacy Development Corporation and the Olympic Park Legacy Company Transfer Scheme 2012 (the OPLC Scheme) of property, rights and liabilities from the Olympic Park Legacy Company Limited (OPLC) to the London Legacy Development Corporation (LLDC).
They also deal with the tax consequences of the transfer under the London Legacy Development Corporation and the London Thames Gateway Development Corporation (No.1) Transfer Scheme 2012 (the LTGDC Scheme) of some of the London Thames Gateway Development Corporation’s (LTGDC) trading stock from it to the LLDC.
The regulations have been made, under powers conferred by the Localism Act 2011, to neutralise unintended tax consequences resulting from the transfers made under the Schemes.
The London Legacy Development Corporation (Tax Consequences) Regulations, SI 2012/701, deal with the tax consequences of the transfer under London Legacy Development Corporation and the Olympic Park Legacy Company Transfer Scheme 2012 (the OPLC Scheme) of property, rights and liabilities from the Olympic Park Legacy Company Limited (OPLC) to the London Legacy Development Corporation (LLDC).
They also deal with the tax consequences of the transfer under the London Legacy Development Corporation and the London Thames Gateway Development Corporation (No.1) Transfer Scheme 2012 (the LTGDC Scheme) of some of the London Thames Gateway Development Corporation’s (LTGDC) trading stock from it to the LLDC.
The regulations have been made, under powers conferred by the Localism Act 2011, to neutralise unintended tax consequences resulting from the transfers made under the Schemes.
