Amendments proposed to the Finance Bill, As Amended - continued | House of Commons |
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Pension scheme regulation
Chris Huhne NC6 To move the following Clause:'(1) Section 158 of the Finance Act 2004 (c.12) shall be amended as follows. (2) After subsection (1) (f) insert ", or
(7) For the purposes of subsection (1)(f), 'prohibited investments' are
Road fuel regulator
Mr Alex Salmond NC7 *To move the following Clause:
(1C) When the average price per litre of a fuel listed in subsection (1A) above increases by more than 3 pence over any period of six months, the Chancellor of the Exchequer shall make regulations reducing the duty rate on that fuel and that reduction in fuel duty shall be based on the increase in the cost per litre accounted for by VAT. (1D) Whenever international oil prices rise above the level estimated by the forecast made in accordance with subsection (1B) above on indexed fuel duty increases shall be frozen until the international oil prices return to the forecast level.".'.
Inheritance Tax (No. 2)
Mr Philip Hammond NC8 *To move the following Clause:
Real estate investment trusts
Mr Philip Hammond NC9 *To move the following Clause:'(1) The ICTA 1988 is amended, by inserting after section 842A
The Treasury shall, by regulations, to be laid prior to 31st October 2005
Pensions annuities (No.2)
Mr Philip Hammond NC10 *To move the following Clause:
(1) In subsection (1) of section 630 (interpretation)
(4) Sections 634A and 636A are repealed. (5) Subsection (4) shall not apply to schemes executed before the date of entry into effect of this Act. (6) After section 637A (Return of contributions on death of a member), the following section is inserted
(1) Subject to subsections (2) and (3) of this section, a Retirement Income Fund is a vehicle for the reinvestment of savings in retirement, which
(3) A member may not invest in a Retirement Income Fund unless the requirements of subsection (1A) of section 634, in relation to the Minimum Retirement Income, are satisfied. (4) A Retirement Income Fund, and any income derived from it, must not be capable of assignment or surrender by the member. (5) Any withdrawal from the Fund by the member under subsection (2) shall be regarded as 'income' within section 1 of this Act.". (7) "Minimum Retirement Income" means such amount as shall be set annually by the Chancellor of the Exchequer by order.'.
Chris Huhne 4 *Page 11, line 26, leave out Clause 11.
Chis Huhne 1 Page 12, line 7 [Clause 11], leave out 'year' and insert 'month'.
Chis Huhne 2 Page 17, line 39 [Clause 18], at end insert 'for the purpose of avoiding any tax.'.
Mr Philip Hammond 5 *Page 131, line 14 [Schedule 9], at end insert ' ; but no order under this section shall be made unless a draft has been laid before and approved by resolution of the House of Commons.'.
Chris Huhne 6 *Page 131, line 43 [Schedule 9], at end insert'(8) No order under this section shall be made unless a draft of it has been laid before and approved by a resolution of the House of Commons.'.
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