Amendments proposed to the Finance Bill - continued | House of Commons |
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Valuation assumptions
Mr Paul Boateng NC16 To move the following Clause:'For the purposes of this Part the valuation assumptions in relation to a person and any benefits are
Premium bonds
Mr Paul Boateng NC17 To move the following Clause:'Regulations under section 11 of the National Debt Act 1972 (c.65) (power of Treasury to make regulations as to raising of money under auspices of Director of Savings) may repeal any provision contained in section 54 of, or Schedule 18 to, the Finance Act 1968 (c.44) (terms of issue of premium savings bonds).'.
Partnerships exploiting films
Mr Paul Boateng NC18 *To move the following Clause:'After section 118ZK of the Taxes Act 1988 (inserted by section 119) there is inserted
"Partnerships exploiting films 118ZL Partnerships exploiting films (1) Where (apart from this section) an amount may be given to an individual under section 380 or 381 in respect of a loss ("the loss in question") sustained by him
none of that amount may be given otherwise than against income consisting of profits arising from the trade; but this is subject to subsection (4). (2) An "affected year of assessment" means a year of assessment at any time during which the individual carried on the trade in partnership which is also
(3) For the purposes of subsection (2)(c)
(4) If the loss in question derives to any extent from exempt expenditure, amounts that (apart from this section) may be given under section 380 or 381 in respect of the loss otherwise than against income consisting of profits arising from the trade may be so given to the extent that the total of the amounts so given does not exceed the exempt part of the loss. (5) The exempt part of the loss is so much of the loss in question as derives from exempt expenditure. (6) Expenditure is exempt expenditure for the purposes of this section if it is
(7) Subsection (6)(a) applies where the individual carried on the trade before 26 March 2004. 118ZM Partnerships exploiting films: supplementary (1) In section 118ZL and this section any reference to a film is to be construed in accordance with paragraph 1 of Schedule 1 to the Films Act 1985. (2) Section 118ZH (meaning of "a significant amount of time" etc) applies for the purposes of section 118ZL as it applies for the purposes of section 118ZE. (3) For the purposes of section 118ZL(3) agreements are related if they are entered into in pursuance of the same arrangement (regardless of the date on which either agreement is entered into). (4) The reference in section 118ZL(6) to the acquisition of a film is a reference to the acquisition of the master negative or any master tape or master disc of the film; and this subsection is to be construed in accordance with section 43(1) and (2)(b) of the Finance (No. 2) Act 1992. (5) In section 118ZL(6) "incidental expenditure" means expenditure on management, administration or obtaining finance. (6) The part of the loss in question that derives from exempt expenditure shall be determined on such basis as is just and reasonable. (7) The extent to which any expenditure falls within section 118ZL(6)(c) shall be determined on such basis as is just and reasonable. (8) In any case where sections 380 and 381 have effect as mentioned in section 118ZD(2) or 118ZI(3) (cases where sections 380 and 381 have effect as if loss carried forward from earlier year sustained in subsequent year), section 118ZL also has effect as mentioned in section 118ZD(2) or (as the case may be) section 118ZI(3)."'.
Repeal of section 677 of Taxes Act 1988
Mr Oliver Letwin NC1 To move the following Clause:'Section 677 of the Taxes Act 1988 (sums paid to settlor otherwise than as income) is hereby repealed.'.
Expenditure incurred on assets leased by small or medium-sized enterprise
Mr Oliver Letwin NC4 To move the following Clause:'(1) The Capital Allowances Act 2001 is amended as follows. (2) For subsection 44(1), substitute "(1) Expenditure is first-year qualifying expenditure if
(3) In the table in subsection 52(3) insert in the second and third lines after "small or medium-sized enterprises" "or incurred by a lessor on equipment leased to a small or medium-sized enterprise".'.
Expenditure incurred in installing access ramps
Mr Oliver Letwin NC5 To move the following Clause:(1) The Capital Allowances Act 2001 is amended as follows. (2) In section 23(2) after "section 29 (fire safety)" insert "29A (ramps for disabled access)" (3) After section 29 insert "29A Ramps for disabled access installed by small or medium-sized enterprises (1) This section applies to expenditure if a small or medium-sized enterprise carrying on a qualifying activity has incurred it in installing ramps required to facilitate access by disabled persons to premises which the small or medium-sized enterprise uses for the purposes of the qualifying activity. (2) A small or medium-sized enterprise installs ramps required to facilitate access by disabled persons if the installation is or will be required to comply with section 21 of the Disability Discrimination Act 1995.'.
Transfers of real property between joint occupiers
Mr Oliver Letwin NC6 To move the following Clause:'(1) The Inheritance Tax Act 1984 is amended as follows. (2) After section 18 insert
"Transfers of real property between joint occupier
Gift aid and non-taxpayers
Mr Oliver Letwin NC7 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)
(3) This section shall be deemd to have effect for the year 2003-04 and subsequent years of assessment.'.
Access for disabled persons
Mr Oliver Letwin NC8 To move the following Clause:'(1) The following shall be inserted after section 29 of the Capital Allowances Act 2001 "29A Access for disabled persons This section applies to expenditure if a person carrying on a qualifying activity has incurred it in pursuance of a duty under section 21 of the Disability Discrimination Act 1995." (2) This section shall have effect in relation to expenditure incurred in relation to chargeable periods ending on or after 1st October 2004.'.
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