Amendments proposed to the Finance (No.2) Bill - continued | House of Commons |
back to previous text |
Dawn Primarolo 395 Schedule 23, page 183, line 13 [Vol II], at end insert
Dawn Primarolo 396 Schedule 23, page 185, line 32 [Vol II], at end insert
'Amendments and transitionals
"(2A) The Treasury may by order make in any relevant enactment such amendments (including repeals and revocations) as may appear appropriate in consequence of, or otherwise in connection with, any amendment (or repeal or revocation) made in this Part by any enactment contained in an Act passed after this Act (an "amending Act"). (2B) For this purpose a relevant enactment is
before the passing of the amending Act or in the Session in which the amending Act is passed."
"(4) An order under subsection (2) or (2A) may include provision having effect in relation to times before it is made if it does not increase any person's liability to tax."
"(3A) The Treasury may by order make any transitional provision which may appear appropriate in consequence of, or otherwise in connection with, any amendment (or repeal or revocation) made in this Part by any enactment contained in an Act passed after this Act (an "amending Act"). (3B) An order under subsection (3A) may, in particular, include savings from the effect of any amendment (or repeal or revocation) made by the amending Act. (3C) An order under subsection (2) or (3A) may include provision having effect in relation to times before it is made if it does not increase any person's liability to tax."
Dawn Primarolo 397 Schedule 23, page 190, line 26 [Vol II], leave out from 'for' to end of line 28 and insert ' "of a pension scheme" there were substituted "of any arrangement within paragraph 15A(4) under a pension scheme".'.
Dawn Primarolo 382 Schedule 25, page 198, line 39 [Vol II], at end insert
"(7) The reference to a lease in sub-paragraph (1) is to
(a) a lease actually granted on or after the implementation date, or
(b) a lease that is treated as existing by reason of a deemed grant under paragraph 12A(2) or 19(3) of which the effective date is on or after the implementation date."'.
Mrs Theresa Villiers 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'.
NEW CLAUSESReview of tobacco products duty
Mrs Theresa Villiers NC1 To move the following Clause:'The Chancellor of the Exchequer will publish a review in relation to the effectiveness of tobacco products duty before 1st March 2007 and will consult with organisations which have a special interest in tobacco products duty before publishing that review.'.
Review of hydrocarbon oil duties
Mrs Theresa Villiers NC2 To move the following Clause:'The Chancellor of the Exchequer will publish a review in relation to the effectiveness of hydrocarbon oil duties before 1st March 2007 and will consult with organisations which have a special interest in hydrocarbon oil duties before publishing that review.'.
Review of rates of gaming duty
Mrs Theresa Villiers NC3 To move the following Clause:'The Chancellor of the Exchequer will publish a review in relation to rates of gaming before 1st March 2007 and will consult with organisations which have a special interest in gaming before publishing that review.'.
Review of amusement machines
Mrs Theresa Villiers NC4 To move the following Clause:'The Chancellor of the Exchequer will publish a review in relation to classes of assessment machine and rates of duty before 1st March 2007 and will consult with organisations which have a special interest in gaming before publishing that review.'.
Cost of claims for R & D
Mrs Theresa Villiers NC5 To move the following Clause:'The Chancellor of the Exchequer will publish a review in relation to the cost of making claims for relief for research and development before 1st March 2007 and will consult with organisations which have a special interest in claims for relief for research and development.'.
Interpretation of Chapter IV of ICTA
Mr David Gauke NC7 To move the following Clause:'In section 413 of ICTA, after subsection (10) add "(11) This Chapter shall apply notwithstanding the terms of the European Communities Act 1972.".'.
Exemption from Pre-Owned Asset Tax for estates below IHT threshold
Julia Goldsworthy NC8 To move the following Clause:'(1) Schedule 15 to Finance Act 2004 is amended as follows. (2) At the beginning of paragraph 3(1), insert the words "Subject to paragraph 3A below,". (3) After paragraph 3, insert
(a) the value of the chargeable person's estate at the relevant time; and
(b) the value of any property that is treated at the relevant time (in relation to the chargeable person) as subject to a reservation in acordance with section 102(2) of the 1986 Act.
(a) in a case where the disposal condition would otherwise apply, the time immediately before the disposal referred to in paragraph 3(2)(b);
(b) in a case where the contribution condition would otherwise apply, the time immediately before the provision of the consideration referred to in paragraph 3(3).
(4) At the beginning of paragraph 6(1), insert the words "subject to paragraph 6A below,". (5) After paragraph 6, insert
(a) the value of the chargeable person's estate at the relevant time; and
(b) the value of any property that is treated at the relevant time (in relation to the chargeable person) as subject to a reservation in accordance with section 102(2) of the 1986 Act.
(a) in a case where the disposal condition would otherwise apply, the time immediately before the disposal referred to in paragraph 6(2)(b);
(b) in a case where the contribution condition would otherwise apply, the time immediately before the provision of the consideration referred to in paragraph 6(3).
(6) A the beginning of paragraph 8(1), insert the words "Subject to paragraph 8A below,". (7) After paragraph 8, insert
(a) the value of the chargeable person's estate at the relevant time; and
(b) the value of any property that is treated at the relevant time as subject to a reservation in accordance with section 102(2) of the 1986 Act.
(8) After paragraph 23, insert
"Automatic application of inheritance tax provisions
(a) paragraph 3 would apply but for paragraph 3A, or
(b) paragraph 6 would apply but for paragraph 6A.
(a) the chargeable proportion of the property is to be treated for the purposes of Part 5 of the 1986 Act (in relation to the chargeable person) as property subject to a reservation, and
(b) section 102(3) and (4) of that Act shall apply and this paragraph applies whether or not an election is made under paragraph 21.
(a) the relevant property and any property which represents or is derived from the relevant property shall be treated for the purposes of Part 5 of the 1986 Act (in relation to the chargeable person) as property subject to a reservation, and
(b) section 102(3) and (4) of the 1986 Act shall apply and this paragraph applies whether or not an election is made under paragraph 22.
(9) This section has effect from 6 April 2005 as if Schedule 15 had always had had effect subject to the amendments in this section.'.
|