Amendments proposed to the Finance Bill - continued House of Commons

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Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

5

Schedule     4,     page     155,     line     38,     leave out from beginning to end of line 3 on page 156.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

187

Schedule     4,     page     159,     line     3,     leave out 'to which paragraph 10 applies' and insert 'of construction, improvement or repair of a building or other works to enhance the value of land.'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

6

Schedule     4,     page     160,     leave out lines 11 to 13.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

188

Schedule     4,     page     160,     line     20,     leave out 'grant or surrender' and insert 'grant, surrender or assignment'.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

189

Schedule     4,     page     160,     line     24,     at end insert—

      '(ab) in relation to the assignment of a lease, a premium moving from the assignor to the assignee,".'.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

199

Clause     58,     page     38,     line     11,     leave out paragraph (a).

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

190

Clause     58,     page     38,     line     12,     leave out 'that has a market value in excess of the market value of the old dwelling'.


   

Adam Price
Mr Elfyn Llwyd
Mr Simon Thomas
Hywel Williams

82

Clause     61,     page     42,     line     25,     at end insert 'National Park Authorities'.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

192

Schedule     7,     page     169,     line     44,     at end insert 'other than arrangements for an event falling within one of the cases set out in paragraph 4 below'.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

191

Schedule     7,     page     170,     line     28,     leave out from 'transaction' to end of line 30.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

204

*Schedule     8,     page     179,     line     40,     leave out 'conditions are' and insert 'condition is'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

7

Schedule     8,     page     179,     line     41,     leave out from beginning to end of line 4 on page 180.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

205

*Schedule     8,     page     180,     line     5,     leave out 'second'.


   

Adam Price
Mr Elfyn Llwyd
Mr Simon Thomas
Hywel Williams

119

Clause     69,     page     47,     line     40,     at end add—

      '(f) The National Museums and Galleries of Wales.'.

   

Mr Alex Salmond

206

*Clause     69,     page     47,     line     40,     at end add—

      '(f) Trustees of the National Museums of Scotland;

      (g) Scottish Natural Heritage;

      (h) National Galleries of Scotland;

      (i) Historic Scotland.'.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

193

Clause     90,     page     58,     line     26,     leave out '18 months' and insert '6 months'.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

184

Schedule     13,     page     215,     line     38,     leave out sub-paragraph (2).

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

185

Schedule     13,     page     219,     line     34,     leave out sub-paragraph (2).


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

8

Schedule     15,     page     231,     line     1,     leave out from beginning to end of line 4.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

186

Schedule     16,     page     235,     line     7,     leave out 'and any person who subsequently becomes a trustee.'.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

63

Clause     125,     page     74,     line     31,     at end add 'or transactions excluded from stamp duty land tax by Part 3 of Schedule 15 to this Act'.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

64

Clause     125,     page     74,     line     34,     at end add 'or which is the subject of a transaction excluded from stamp duty land tax by Part 3 of Schedule 15 to this Act'.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

65

Clause     125,     page     75,     line     11,     leave out from 'instruments' to end of line 13 and insert—

       'if they are executed on or after the implementation date for the purpose of stamp duty land tax (see Schedule 19 to this Act).'.


   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

67

Schedule     20,     page     244,     line     4,     at end add—

       'Clearance procedure

    2A(1)   The following provisions shall have effect where in pursuance of this Part of this Schedule a person furnishes to the Inland Revenue particulars of things done or to be done by him (either alone or together with others) to seek confirmation of a just and reasonable apportionment of any consideration, that is to say—

      (a) if the Inland Revenue are of the opinion that the particulars, or any further information furnished in pursuance of this paragraph, are not sufficient for the purposes of this Part of this Schedule, they shall within 30 days of the receipt thereof notify to that person what further information they require for those purposes, and unless that further information is furnished to the Inland Revenue within 30 days from the notification, or such further time as the Inland Revenue may allow, they shall not be required to proceed further under this section;

      (b) subject to sub-paragraph (1)(a) above, the Inland Revenue shall within 30 days of the receipt of the particulars, or, where that sub-paragraph has effect, of all further information required, notify that person whether or not they are satisfied that the apportionment proposed is just and reasonable;

       and, subject to the following provisions of this paragraph, if the Inland Revenue notify him that they are so satsified, the apportionment proposed shall be deemed to have been done on a just and reasonable basis.

    (2)   If the particulars, and any further information given under this paragraph with respect to any transaction or transactions, are not such as to make full and accurate dislosure of all facts and considerations relating thereto which are material to be known to the Inland Revenue, any clearance given by them under this paragraph shall be void.

    (3)   In no event shall the giving of a clearance under this paragraph with respect to any transaction or transactions prevent this paragraph applying to a person in respect of transactions which include that transaction or all or some of those transactions and also include another transaction or other transactions.'.

   

Mr Michael Howard
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

66

Schedule     20,     page     244,     leave out lines 27 to 36.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

68

Clause     126,     page     75,     line     22,     leave out subsection (2).

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

73

Clause     126,     page     75,     line     34,     leave out lines 34 to 36 and insert 'reacquired by a group company by a transfer which was—

      (i) at a just and reasonable value under a duly stamped instrument on which ad valorem duty was paid and not subject to a claim for group relief; or

      (ii) at a just and reasonable value under a chargeable transaction in respect of which stamp duty land tax was paid and not subject to a claim for relief under Part 1 of Schedule 7 to the Finance Act 2003; or

      (ii) exempt from duty or exempt from stamp duty land tax.'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

74

Clause     126,     page     76,     line     16,     leave out lines 16 to 18 and insert 'reacquired by a group company by a transfer which was—

      (i) at a just and reasonable value under a duly stamped instrument on which ad valorem duty was paid and not subject to a claim for group relief; or

      (ii) at a just and reasonable value under a chargeable transaction in respect of which stamp duty land tax was paid and not subject to a claim for relief under Part 1 of Schedule 7 to the Finance Act 2003; or

      (iii) except from duty or exempt from stamp duty land tax.'.

 
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Prepared 22 May 2003