Amendments proposed to the Finance Bill, As Amended - continued	House of Commons
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Mr Chancellor of the Exchequer

16

Page     437,     line     39     [Schedule     29],     leave out sub-paragraph (3) and insert—

'(3)	If the asset—

(a)   was acquired before the beginning of the first accounting period to which this Schedule applies in relation to it, and

(b)   is a chargeable intangible asset immediately after the beginning of that period,

it shall be treated for the purposes of Part 7 (roll-over relief on realisation and reinvestment) as if it had been a chargeable intangible asset at all material times between its acquisition and the beginning of that period.'.

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Mr Chancellor of the Exchequer

17

Page     438,     line     16     [Schedule     29],     leave out sub-paragraph (4) and insert—

'(4)	If the asset—

(a)   was acquired before the beginning of the first accounting period to which this Schedule applies in relation to it, and

(b)   is a chargeable intangible asset immediately after the beginning of that period,

it shall be treated for the purposes of Part 7 (roll-over relief on realisation and reinvestment) as if it had been a chargeable intangible asset at all material times between its acquisition and the beginning of that period.'.

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Mr Chancellor of the Exchequer

18

Page     444,     line     5     [Schedule     29],      at end insert '(and see paragraph 126A)'.

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Mr Chancellor of the Exchequer

35

Page     456,     line     40     [Schedule     31],     leave out 'and also includes any debentures'.

   

Mr Chancellor of the Exchequer

36

Page     456,     line     41     [Schedule     31],     at end insert 'and also includes any debentures'.

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Mr Chancellor of the Exchequer

37

Page     458,     line     20     [Schedule     31],     leave out sub-paragraph (2).

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Mr Alex Salmond

11

Page     478,     line     29     [Schedule     37],     at end insert—

    '(3A)   In subsection (3) at end insert—

"(g)	it consists wholly of uncrushed aggregates to be used for harbour sea defence projects or coastal erosion protection.".'.

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Prepared 3 Jul 2002