| Amendments proposed to the Transport Bill - continued | House of Commons |
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Mr Nick Raynsford 335 Schedule 7, page 163, line 22, leave out 'and'.
Mr Nick Raynsford 336 Schedule 7, page 163, line 23, at end insert 'and
Mr Nick Raynsford 337 Schedule 7, page 163, line 27, leave out 'meaning' and insert 'meanings'.
Mr Nick Raynsford 338 Schedule 7, page 163, line 33, leave out '(within the meaning of section 174(1))'.
Mr Nick Raynsford 339 Schedule 7, page 163, line 33, at end insert—'(2) Expressions used in this paragraph and in section 174(1) of the 1992 Act have the same meanings in this paragraph as in section 174(1).'.
Mr Nick Raynsford 340 Schedule 7, page 163, line 36, leave out 'acquires an asset from another company at a time when both are' and insert 'acquired an asset from another company at any time when both were'.
Mr Nick Raynsford 341 Schedule 7, page 164, line 2, leave out 'apply' and insert 'have effect'.
Mr Nick Raynsford 342 Schedule 7, page 164, line 9, leave out 'both'.
Mr Nick Raynsford 343 Schedule 7, page 164, line 10, at end insert 'and at the time of acquisition'.
Mr Nick Raynsford 344 Schedule 7, page 164, line 26, leave out 'apply' and insert 'have effect'.
Mr Nick Raynsford 345 Schedule 7, page 164, line 31, leave out 'both'.
Mr Nick Raynsford 346 Schedule 7, page 164, line 32, at end insert 'and at the time of acquisition'.
Mr Nick Raynsford 347 Schedule 7, page 164, line 37, at end insert—'8A.—(1) Sub-paragraph (4) applies if—
(2) A company falls within this sub-paragraph if immediately before it ceases to be a member of the new group it is a subsidiary of—
(3) The condition is that—
(4) On the degrouped company ceasing to be a member of the new group section 179 of the 1992 Act is to have effect as if the degrouped company and the transferor had been members of the new group at the time of acquisition. (5) But sub-paragraph (4) does not apply if—
(6) Expressions used in this paragraph and in section 179 of the 1992 Act have the same meanings in this paragraph as in that section.'.
Mr Nick Raynsford 348 Schedule 7, page 164, line 40, leave out paragraphs (a) and (b) and insert—
Mr Nick Raynsford 349 Schedule 7, page 164, line 46, leave out 'those' and insert 'the Capital Allowances'.
Mr Nick Raynsford 350 Schedule 7, page 165, line 9, leave out sub-paragraph (3).
Mr Nick Raynsford 351 Schedule 7, page 166, line 14, leave out from 'of' to end of line 19 and insert 'which the transferor ceases to carry on a trade and the transferee begins to carry it on.'.
Mr Nick Raynsford 352 Schedule 7, page 166, line 19, at end insert—'(1A) A transferor treated as ceasing to carry on a trade for the purposes of section 343 of the 1988 Act (company reconstructions without a change of ownership) is to be so treated for the purposes of this paragraph. (1B) A transferee treated as beginning to carry on a trade for the purposes of that section is to be so treated for the purposes of this paragraph.'.
Mr Nick Raynsford 353 Schedule 7, page 166, line 27, leave out from first 'the' to end of line 28 and insert 'transferor is entitled to relief for an amount under section 393(1) in respect of the part retained.'.
Mr Nick Raynsford 354 Schedule 7, page 167, line 27, at end insert—'(5) This paragraph has effect subject to paragraphs 3, 3A and 15.'.
Mr Bernard Jenkin 371 Schedule 7, page 168, line 10, at end insert—'17A. Shares in the ordinary share capital (as defined in the Income and Corporation Taxes Act 1988) in any company which is a transferee under a transfer scheme, or in any company which is an associated company of such a company, shall be deemed to satisfy all the requirements of paragraphs 10 to 14 (inclusive) of Schedule 9 to the Income and Corporation Taxes Act 1988 and shall be deemed to be securities not subject to restrictions prohibited by Schedule 5 to the Finance Act 1989 for the purposes of any qualifying employee share ownership trust (as defined in that Schedule).'.
Mr Bernard Jenkin 372 Schedule 7, page 168, line 10, at end insert—'17B. Where any company (not being a company wholly owned by the Crown) holds shares or securities in any company which is a transferee under a transfer scheme, and operates employees' share schemes which have been approved by the Board of Inland Revenue for the purposes of Schedule 9 to the Income and Corporation Taxes Act 1988 or Schedule 5 to the Finance Act 1989 (in this paragraph and in paragraph 17C "the investor schemes") then, notwithstanding any other enactment, the employees of the transferee or any company which is an associated company of the transferee (in this paragraph and in paragraph 17C "the new employees"), shall be deemed to be eligible to participate in the investor schemes. 17C. With effect from the later of the coming into force of this Act and the coming into force of the transfer scheme the rules and other governing instruments of the investor schemes shall be deemed to have been amended so as to make eligible for participation the new employees, and such participation shall be deemed lawful for the purposes of any other enactment.'.
Mr Bernard Jenkin 373 Schedule 7, page 168, line 10, at end insert—'17D. Any individual who acquires securities in a company which is a transferee under a transfer scheme shall be deemed, for the purposes of the Income and Corporation Taxes Act 1988 and the Finance Act 1988, as having acquired them otherwise than by reason of a right or opportunity available to him by reason of any employment with or any office which he holds with that company or an associated company of that company, or any company which holds shares in the transferee.'.
Mr Nick Raynsford 406 Clause 63, page 40, line 5, leave out 'Part' and insert 'Chapter'.
Mr Nick Raynsford 407 Clause 63, page 40, line 5, at end insert—
Mr Nick Raynsford 408 Clause 63, page 40, line 13, at end insert—'( ) "Company" has the meaning given by section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986.'.
Mr Nick Raynsford 409 Clause 63, page 40, line 36, at end insert—'(10) The definitions in this section apply unless the contrary intention appears.'.
Mr Bernard Jenkin 374 Clause 64, page 41, line 3, at beginning insert—'Subject to subsection (1A) below,'.
Mr Bernard Jenkin 375 Clause 64, page 41, line 5, at end insert—'(1A) Before giving directions under subsection (1), the Secretary of State shall publish a report setting out the principles of his airspace policy with particular regard to—
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