Amendments proposed to the Finance (No. 2I Bill - continued House of Commons

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Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

344

*Schedule     20,     page     117,     line     3     [Vol     II],     at end insert—

      '(b) an interest in possession in settled property to which a disabled person is beneficially entitled.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

345

*Schedule     20,     page     117,     line     3     [Vol     II],     at end insert—

    '(2A)   For subsection (4)(a) substitute—

          "(a) a person who lacked capacity, within the meaning of the Mental Capacity Act 2005, or was expected to lack capacity at some time in the future;"

    (2B)   In subsection (4)(c), omit the words "by virtue of" to end.".'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

346

*Schedule     20,     page     117,     line     5     [Vol     II],     leave out from 'the' to 'a' in line 6 and insert 'references in subsections (1) and (1A) above to a disabled person include, in relation to any settled property, references to'.

   

Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming

202

Schedule     20,     page     117,     line     5     [Vol II],     leave out from 'in' to second 'to' in line 6 and insert 'subsections (1) and (1A) above to a disabled person include, in relation to any settled property, references'.

   

Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

203

Schedule     20,     page     117,     line     15     [Vol II],     leave out from 'allowance' to 'had' in line 17.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

348

*Schedule     20,     page     117,     line     21     [Vol     II],     leave out from 'the' to second 'to' in line 22 and insert 'references in subsections (1) and (1A) above to a disabled person include, in relation to any settled property, references'.

   

Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming

204

Schedule     20,     page     117,     line     21     [Vol II],     leave out from 'in' to second 'to' in line 22 and insert 'subsections (1) and (1A) above to a disabled person include, in relation to any settled property, references'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

349

*Schedule     20,     page     117,     line     35     [Vol     II],     leave out from 'by' to 'rate' in line 36.

   

Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming

206

Schedule     20,     page     117,     line     40     [Vol II],     at end insert—

    '(3A)   Sub-paragraph (2A) shall come into force immediately after section 2 of the Mental Capacity Act 2005 comes into force.'.

   

Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

205

Schedule     20,     page     117,     line     41     [Vol II],     at end insert—

    '(7)   The references in sections (1) and (1A) above to a disabled person include, in relation to any settled property, references to a person who satisfies Her Majesty's Revenue and Customs that he would, when the property was transferred into settlement, have been entitled to an attendance allowance or a disability living allowance had he claimed it.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

351

*Schedule     20,     page     117,     line     41     [Vol     II],     at end insert—

    '(3A)   Sub-paragraph (2A) shall come into force immediately after section 2 of the Mental Capacity Act 2005 comes into force.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

237

*Schedule     20,     page     118,     line     5     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

267

*Schedule     20,     page     118,     line     5     [Vol II],     at end insert—

      'Policies of insurance

    7A (1) In section 6 of the Inheritance Tax Act 1984, after subsection (3) insert—

          "(3A)   Any policy of insurance comprised in a settlement shall be treated as excluded property for all purposes of this Act.".'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

268

*Schedule     20,     page     118,     line     5     [Vol II],     at end insert—

      'Policies of insurance

    7A (1) Any policy of insurance which was comprised in a settlement at 22nd March 2006 shall be treated as excluded property for the purposes of the Inheritance Tax Act 1984.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

238

*Schedule     20,     page     118,     line     27     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

341

*Schedule     20,     page     118,     line     38     [Vol     II],     at end insert—

    '(4A)   In subsection (7) (application of section 3A to an event on the happening of which tax is chargeable under section 52 of the Inheritance Tax Act) after "in subsection (1)(a)" insert "or subsection (1A)(a).".'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

277

*Schedule     20,     page     119,     line     11     [Vol II],     after 'which', insert 'section 71(1)(a) or'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

278

*Schedule     20,     page     119,     line     18     [Vol II],     after 'which', insert 'section 71(1)(a) or'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

239

*Schedule     20,     page     119,     line     22     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

321

*Schedule     20,     page     119,     line     26     [Vol     II],     at end insert ', and

      (iv) not a relationship breakdown settlement interest.".'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

240

*Schedule     20,     page     119,     line     32     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

302

*Schedule     20,     page     119,     line     35     [Vol     II],     at end insert '; or

      (c) an immediate self-settled interest.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

322

*Schedule     20,     page     119,     line     35     [Vol     II],     at end insert ', or

      (c) a relationship breakdown settlement interest.".'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

241

*Schedule     20,     page     119,     line     37     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

303

*Schedule     20,     page     119,     line     42     [Vol     II],     at end insert 'or an immediate self-settled interest'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

242

*Schedule     20,     page     120,     line     1     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

304

*Schedule     20,     page     120,     line     5     [Vol     II],     after 'interest', insert 'or an immediate self-settled interest'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

305

*Schedule     20,     page     120,     line     7     [Vol     II],     after 'interest', insert 'or an immediate self-settled interest'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

306

*Schedule     20,     page     120,     line     12     [Vol     II],     after 'interest', insert 'or an immediate self-settled interest'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

243

*Schedule     20,     page     120,     line     20     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

307

*Schedule     20,     page     120,     line     25     [Vol     II],     at end insert 'or

      (d) an immediate self-settled interest.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

323

*Schedule     20,     page     120,     line     25     [Vol     II],     at end insert ', or

      (d) a relationship breakdown settlement interest.".'.

 
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Prepared 6 Jun 2006