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

261

Schedule     20,     page     125,     line     45     [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

316

Schedule     20,     page     126,     line     4     [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

340

Schedule     20,     page     126     [Vol     II],     leave out lines 21 to 25 and insert—

    '(1A)   Where the testator dies on or after 22nd March 2006, subsection (1) above shall have effect as if—

(a)	the reference to any interest in possession were a reference to any interest in possession that is—

(i)	an immediate post-death interest, or

(ii)	a disabled person's interest;

(b)	an event which results in settled property to which subsection (1) above (as modified by the preceding subsection) being held on trusts which either:

(i)	would constitute a trust for bereaved minors but for the requirement that such a trust must be established under the will of a deceased parent of a bereaved minor; or

(ii)

would confer on any person an immediate post-death interest but for the condition in section 49A(3) that the person in question became beneficially entitled to the interest in possession on the death of the testator and the condition in section 49A(7) in so far as it relates to the condition in section 49A(3)

were (for the purposes of this section only) an event on which tax would be chargeable under a provision of Chapter 3 Part 3 of this Act.'.

   

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

262

Schedule     20,     page     126,     line     21     [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

317

Schedule     20,     page     126,     line     33     [Vol     II],     at end insert—

' "immediate self-settled interest" means an immediate self-settled interest for the purposes of Chapter 2 of Part 3 (see section 49D above)'.

   

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

337

Schedule     20,     page     126,     line     33     [Vol     II],     at end insert—

' "relationship breakdown settlement interest" means a relationship breakdown settlement interest for the purposes of Chapter 2 of Part 3 (see section 49D above);" '.

   

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

263

Schedule     20,     page     126,     line     42     [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

264

Schedule     20,     page     127,     line     3     [Vol II],     leave out '22nd March 2006' and insert '6th April 2007'.

   

Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming

207

Schedule     20,     page     127,     line     13     [Vol II],     at end insert—

'(iii)

a disabled person's interest, within the meaning given by subsection (2A) of section 89 of that Act; or'.

   

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

318

Schedule     20,     page     127,     line     13     [Vol     II],     at end insert—

'(iii)

an immediate self-settled interest within the meaning given by section 49D of that Act, or'.

   

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

338

Schedule     20,     page     127,     line     13     [Vol     II],     at end insert—

'(iii)

a relationship breakdown settlement interest within the meaning given by section 49D of that Act, or'.

   

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

352

Schedule     20,     page     127,     line     13     [Vol     II],     at end insert—

'(iii)

a disabled person's interest, within the meaning given by subsection (2A) of section 89 of that Act, or'.

   

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

265

Schedule     20,     page     127,     line     21     [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

266

Schedule     20,     page     127,     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

339

Schedule     20,     page     128,     line     9     [Vol     II],     after 'interest', insert 'or,

(iii)

a relationship breakdown settlement interest.'.

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

120

Schedule     21,     page     140,     line     25     [Vol II],     leave out from beginning to end of line 24 on page 142.

   

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

121

Schedule     21,     page     141,     line     12     [Vol II],     leave out '50' insert '10'.

   

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

122

Schedule     21,     page     142,     line     33     [Vol II],     leave out 'residential property' and insert 'property that is normally used or adapted for use as one or more dwellings'.

   

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

123

Schedule     21,     page     142,     line     34     [Vol II],     leave out from 'is' to end of line 34 and add 'any personal chattels other than choses in action (or in Scotland any moveable property other than incorporeal moveable property).'.

   

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

124

Schedule     21,     page     142,     line     36     [Vol II],     leave out paragraph 7.

   

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

125

Schedule     21,     page     143,     line     11     [Vol II],     at end insert 'but subject to paragraph 8(2)—'.

   

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

126

Schedule     21,     page     143,     line     21     [Vol II],     after '(2)', insert 'Except where a member or related person as defined in section 4 is resident,'.

   

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

127

Schedule     21,     page     145,     line     12     [Vol II],     leave out 'any' and insert 'the'.

   

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

128

Schedule     21,     page     145     [Vol II],     leave out lines 18 to 22.

   

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

129

Schedule     21,     page     152,     line     8     [Vol II],     leave out '10% or more' and insert 'more than 10%'.

   

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

130

Schedule     21,     page     152,     line     10     [Vol II],     leave out '10% or more' and insert 'more than 10%'.

   

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

133

Schedule     21,     page     152,     line     11     [Vol II],     leave out '10% or more' and insert 'more than 10%'.

   

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

131

Schedule     21,     page     154,     line     34     [Vol     II],     leave out '(a) any member of the pension scheme'.

   

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

132

Schedule     21,     page     159,     line     27     [Vol II],     leave out from 'occurs' to end of line 30 and insert—

'(a)	the property becoming residential property;'.

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

141

Clause     160,     page     134,     line     39 [Vol I],     leave out 'because' and insert 'following the receipt'.

   

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

142

Clause     160,     page     135,     line     1 [Vol I],     leave out 'envisaged' and insert 'intended'.

   

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

143

Clause     160,     page     135,     line     7 [Vol I],     leave out '1' and insert '10'.

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

184

Clause     168,     page     138,     line     20     [Vol I],     leave out from second 'company' to end of lne 25 and insert 'in connection with demutualisation of an insurance company'.

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Prepared 8 Jun 2006