Commentary

B6.760 ATED—public bodies

Business tax
Business tax | Commentary

B6.760 ATED—public bodies

Business tax | Commentary

B6.760 ATED—public bodies

A public body is not a company for the purposes of ATED1 and therefore will not meet the ownership condition, see B6.705. They are therefore exempt and are not required to make any ATED returns.

'Public body' is defined by reference to the SDLT provisions of FA 2003, s 66 (transfers involving public bodies) so that it includes companies owned by other public bodies2. A company for these purposes is as defined in the Companies Act 2006 s 1 (ignoring Companies Act 2006 s 1(1))3.

The Treasury may prescribe persons

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