Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Richard Ottaway [R] 295 Schedule 22, page 444, line 43, leave out 'alter' and insert 'increase'.
Mr Richard Ottaway [R] 296 Schedule 22, page 445, line 4, leave out from beginning to end of line 42 on page 448.
Mr Andrew Smith 325 Schedule 22, page 453, line 9, at end insert
'Part XIIAApplication of provisions to partnershipsIntroduction 127A.(1) The Inland Revenue may make provision by regulations as to the application of this Schedule in relation to activities carried on by a company in partnership.(2) Nothing in the following provisions of this Part of this Schedule shall be read as restricting the generality of this power.
Calculation of partnership profits 127B. The regulations may provide that
Qualifying partnerships 127C.(1) The regulations may provide that activities carried on by a company in partnership are not to be regarded as qualifying activities of that company unless the partnership is a qualifying partnership."Qualifying activities" here means core qualifying activities, qualifying secondary activities or qualifying incidental activities. (2) Subject to any provision made by the regulations, a "qualifying partnership" means a partnership that if it were a company would meet the requirements in paragraph 16(1) (qualifying companies).
Ships owned by or chartered to partners 127D. The regulations may provide that a ship which is not partnership property but which
shall be treated as if it were owned by or chartered to every member of the partnership and as if everything done by or to any of the partners in relation to it had been done by or to all the partners.
Transactions not at arm's length 127E. The regulations may provide that for the purposes of paragraphs 58 and 59 (transactions not at arm's length) the partnership shall be treated
Adjustments for capital allowance purposes 127F. The regulations may provide that where a partner leaves tonnage tax, such adjustments shall be made for capital allowance purposes, in relation to that partner and all or any of the other partners, with respect to
as may be specified in the regulations.
General 127G. Regulations under this Part of this Schedule
Mr Andrew Smith 326 Schedule 22, page 456, line 54, at end insert '(and see paragraphs 27(4) and (5) and 28(1A))'.
Mr David Heathcoat-Amory 351 *Schedule 23, page 457, line 8, leave out 'a telecommunications cable system' and insert 'wired, radio or optical transmission paths for the transfer of voice, data or information'.
Mr David Heathcoat-Amory 352 *Schedule 23, page 457, line 15, after 'disposal', insert 'or grant'.
Mr David Heathcoat-Amory 353 *Schedule 23, page 457, line 23, after 'disposal', insert 'or grant'.
Mr David Heathcoat-Amory 354 *Schedule 23, page 457, leave out lines 29 to 38.
Mr Andrew Smith 327 Schedule 23, page 458, line 27, leave out from second 'the' to end of line 28 and insert 'amount of any profits chargeable to income tax or corporation tax'.
Mr Andrew Smith 328 Schedule 23, page 458, line 32, at end insert 'if the associate or associated company acquired the IRU before that date'.
Mr David Heathcoat-Amory 350 *Clause 93, page 65, line 17, at end insert'(5) This section attributes a chargeable gain to trustees under section 13 if, and only if, these trustees are, when that gain accrues to a company, (or were at any time in the previous five years of assessment) either
Mr David Heathcoat-Amory 347 *Clause 93, page 66, line 17, at end insert'(5) This section should not operate to deny relief under any double taxation arrangements where a chargeable gain accrues to a company at any time in a period of five or more consecutive years of assessment for which it is regarded as resident in a territory other than the United Kingdom for the purposes of these double taxation arrangements.'.
Mr David Heathcoat-Amory 348 *Clause 93, page 66, line 17, at end insert'(5) This section shall not apply in relation to a company where the Board have, on the application of the company notified the company that the Board are satisfied that the company was established outside the United Kingdom for bona fida commercial reasons and was not established as part of a scheme of which the main purpose is avoidance of liability to capital gains tax or corporation tax. (6) Subsections (2) to (5) of section 138 shall have effect in relation to subsection (5) above as they have effect in relation to subsection (1) of that section.'.
Mr David Heathcoat-Amory 349 *Clause 93, page 66, line 17, at end insert'(5) This section shall not apply to a company making a chargeable gain unless the trustees referred to in subsection (1) above have control of that company as defined in section 840 TA 1988.'.
Mr Nick St. Aubyn 150 Clause 93, page 66, line 18, leave out '21st March 2000' and insert '6th April 2002'.
Mr Andrew Smith 337 *Schedule 27, page 482, leave out lines 10 to 22.
Mr Andrew Smith 338 *Schedule 27, page 482, line 42, leave out from beginning to 'provisions' in line 43 and insert 'Paragraph 9 has effect wherever the enactment amended by that paragraph falls to be construed, so far as it applies'.
Mr Andrew Smith 329 Clause 100, page 69, line 28, at end insert'(5) Any payment by A to B, or by B to A, in pursuance of an agreement between them in connection with the election
provided it does not exceed the amount of the chargeable gain or allowable loss that is treated, as a result of the disposal, as accruing to B.'.
Mr Andrew Smith 355 *Schedule 29, page 490, line 21, leave out from beginning to 'was' in line 25 and insert
Mr Andrew Smith 356 *Schedule 29, page 491, line 48, leave out 'has' and insert 'and "principal company" have'.
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