| Amendments proposed to the Finance Bill - continued | House of Commons |
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Gift Aid and non-taxpayers
Mr Edward Davey NC14 To move the following Clause:—'—(1) Section 25 of the Finance Act 1990 (donations to charity by individuals) shall be amended in accordance with subsection (2) below. (2) In subsection (8),
Mandatory e-filing: provision of software
Mr Peter Luff NC15 To move the following Clause:—'.—(1) The Commissioners of Inland Revenue ("the Commissioners") shall make available to those specified persons required by regulations made pursuant to section 132 to use electronic communications for the delivery of specified information such software as is necessary to facilitate the delivery of that information or the computation of any tax liabilities on those persons. (2) The Commissioners shall make available the software specified in subsection (1) above without charge. (3) Such specified persons to whom the software specified in subsection (1) above is made available shall not be liable for any error arising from its proper use.'.
Rate of stamp duty on commercial property
Mr Michael Howard NC16 To move the following Clause:—'.—(1) In Schedule 13 to the Finance Act 1999 (instruments chargeable and rates of duty) after paragraph 3 of that Schedule insert a new paragraph 3A—
Stamp duty and OFEX
Mr Michael Howard NC17 To move the following Clause:—'.—In each of the following provisions—
Coal mine methane
Mr Michael Howard NC18 To move the following Clause:—'.—(1) Section 62(8) of the Utilities Act 2000 (c. 27) is amended by inserting at the end of the definition of "renewable resources" the words "and coal mine methane".'.
Exemptions from stamp duty on the disposal of a substantial shareholding
Mr Michael Howard NC19 To move the following Clause:—'.—(1) This section applies where a company ("the transferor company") disposes of shares or an interest in shares ("the transferred shares") in another company ("the second company"). (2) If the first, second and third conditions (as defined below) are fulfilled, stamp duty under Part I of Schedule 13 to the Finance Act 1999 (conveyance or transfer on sale) shall not be chargeable on an instrument executed for the purposes of or in connection with the transfer of the transferred shares. (3) An instrument on which stamp duty is not chargeable by virtue only of subsection (2) above shall not be taken to be duly stamped unless it is stamped with the duty to which it would be liable but for that subsection or it has, in accordance with section 12 of the Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty. (4) The first condition is that the transferor company satisfies the requirements relating to an investing company, and the second company satisfies the requirements relating to the company invested in, set out in Part 3 of Schedule 7AC to the Taxation of Chargeable Gains Act 1992 ("the 1992 Act"). (5) The second condition is that, were the disposal of the transferred shares to give rise to a gain, that gain would not be a chargeable gain by virtue of the terms of Schedule 7AC to the 1992 Act. (6) The third condition is that the disposal is effected for bona fide commercial reasons and does not form part of a scheme or arrangement of which the main purpose, or one of the main purposes, is avoidance of liability to stamp duty, income tax, corporation tax or capital gains tax. (7) This section applies to any instrument which is executed after the day this Act comes into force, unless it is executed in pursuance of an unconditional contract made on or before that day.'.
Road fuel duty and coaches
Mr Mark Hoban NC22 To move the following Clause:—'—(1) Section 9A(2) of the Hydrocarbon Oil Duties Act 1979 is amended by inserting after "bodies)", "or a coach operating a similar service to a public passenger transport service that has been granted a permit by the Secretary of State". (2) Section 9A(3) of that Act is further amended by inserting at the end "'coach' means a vehicle with a minimum of twelve seats." (3) Section 9A of that Act is further amended by adding at the end—
Costs of residential care
Chris Grayling NC23 To move the following Clause:—'.—In the Income and Corporation Taxes Act 1988 (c. 1) there is inserted after section 202—
(1) The following may be deducted from the emoluments of any office or employment to be assessed to tax, if defrayed out of those emoluments, that is to say—
(2) In this section, 'relative' means a parent, parent-in-law, child or step-child of the person who is the holder of the office or employment and 'dependant' means any person not related to the person who is the holder of the office or employment whom that person is legally required to support.".'.
Living accommodation provided for employee
Chris Grayling NC24 To move the following Clause:—'.—(1) Section 145 of the Income and Corporation Taxes Act 1988 (c. 1) is amended as follows. (2) In subsection (4) insert—
Exempt principal private residences from scope of IHT
Mr Mark Hoban NC25 To move the following Clause:—'(1) In subsection 3 of section 6, Inheritance Taxes Act 1984, insert—
"Table of Rate of Tax
(3) Subsection (2) shall apply to any chargeable transfer made on or after Royal Assent to this Act; and section 8(1) of that Act (indexation of rate bands) shall not have effect as respects any difference between the retail prices index for the month of September 2000 and that for the month of September 2001.'.
No exemption for commercial exploitation within the United Kingdom
Mr Michael Howard NC26 To move the following Clause:—'.—In section 19(5) of the Finance Act 2001 (c. 9) at end insert "and if the purposes for which the aggregate is commercially exploited are within the United Kingdom.".'.
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