Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Paul Boateng 201 Clause 96, page 72, line 32, at end insert ', and
Mr Michael Howard 92 Clause 96, page 72, line 32, at end insert'(9D) In this section "qualifying work of art" shall mean any object or group of objects designated by the Secretary of State, either specifically or as a class, and the provisions of section 31(1)(a), (aa), and (e) of the Inheritance Tax Act 1984 shall apply for the purposes of determining the category or class of object to be so specified as they apply for the purposes of that Act.'.
Mr Edward Davey 210 Clause 96, page 72, line 36, leave out 'real' and insert 'other'.
Mr Michael Jack 81 Clause 96, page 72, line 37, at end insert'(4A) Section 25 of the Finance Act 1990 and section 339 of the Taxes Act 1988 are amended as follows.
(4C) At the end of subsection (3E) of section 339 of the Taxes Act 1988 insert ", but this subsection shall not apply where, had such property been transferred to the charity by way of gift, relief would have been allowed under section 587B of the Taxes Act 1988.".'.
Mr Paul Boateng 202 Clause 96, page 73, line 1, leave out subsection (2).
Mr Edward Davey 207 Clause 96, page 74, line 8, leave out 'land' and insert 'property'.
Mr Paul Boateng 203 Clause 96, page 74, line 14, leave out from beginning to second 'subsection' in line 16.
Mr Paul Boateng 204 Clause 96, page 74, line 22, leave out 'coming into force' and insert 'purposes'.
Mr Michael Howard 193 Clause 97, page 74, leave out lines 27 to 32 and insert'(2) Any such election must be made by notice in writing to an officer of the Inland Revenue on or before the 31st January next following the end of the year of assessment to which the claim made by the donor relates.'.
Mr Michael Howard 192 Clause 97, page 74, line 27, at end add 'or in any of the next succeeding six years of assessment.'.
Mr Michael Howard 194 Clause 97, page 74, line 34, leave out 'previous year' and insert 'year to which the election relates'.
Mr Michael Howard 195 Clause 97, page 74, line 39, leave out 'previous year of assessment' and insert 'year of assessment to which the election relates'.
Mr Michael Howard 196 Clause 97, page 74, line 45, leave out '6th April 2003' and insert 'the day on which this Act is passed.'.
Mr Michael Howard 86 Clause 98, page 75, line 3, after 'release', insert 'or constitutes long-form drama'.
Mr Michael Howard 87 Clause 98, page 75, line 19, at end insert
Mr Michael Howard 88 Clause 98, page 75, leave out lines 30 and 31 and insert 'unless before 17th April 2002 expenditure has been incurred on a film or a binding commitment to incur expenditure on a film has been entered into, in either case or in aggregate representing more than 20 per cent. of the budgeted cost of the film.'.
Mr Paul Boateng 211 Clause 100, page 77, leave out lines 13 and 14 and insert'(6) For the purposes of subsection (5) above, "control", in relation to a company, means the power of a person to secure
(7) There shall be left out of account for the purposes of subsection (6) above
Mr Michael Howard 168 Clause 108, page 85, line 6, after 'dwelling', insert 'without significant expenditure being incurred on it'.
Mr Michael Howard 169 Schedule 34, page 464, line 3, leave out paragraphs 7 and 8.
Mr Michael Howard 170 Schedule 35, page 468, line 12, leave out paragraphs 8 and 9.
Mr Michael Howard 171 Clause 112, page 90, line 12, leave out subsection (3).
Mr Michael Howard 118 Clause 113, page 90, line 21, leave out subsection (1) and insert'(1) This section applies to a contract or agreement for the sale of an estate or interest in land in the United Kingdom where
Mr Michael Howard 172 Clause 113, page 90, line 23, leave out 'the consideration' and insert 'so much of the consideration as is attributable to the estate or interest in land'.
Mr Michael Howard 173 Clause 114, page 91, line 33, at end insert 'or ordinary trade debts as defined in paragraph 35(5) of Schedule 16 '.
NEW CLAUSESTax relief for expenditure on vaccine research etc. (No. 2)
Mr Michael Howard NC1 To move the following Clause:'.(1) Grants of up to £15m per annum may be awarded by order of the Secretary of State for qualifying research and development. (2) For the purposes of subsection (1), qualifying research and development means research and development relating to vaccines or medicines for use in humans
(4) This section has effect from 1st April 2002.'.
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