|
| | |
|
| |
|
| |
| |
| |
| |
| (except Clauses 13 to 15, 26, 61, 91 and 106, Schedule 14, and new Clauses relating to the effect
|
|
| of provisions of the Bill on section 18 of the Inheritance Tax Act 1984)
|
|
| |
| | |
| |
| |
| |
| |
| |
| |
| | |
| Schedule 8, page 202, line 23 [Vol I], leave out from ‘if’ to ‘the in line 24. |
|
| |
| |
| |
| |
| |
| | |
| Schedule 8, page 213, line 25 [Vol I], leave out from ‘is’ to ‘that’ in line 26. |
|
| |
| | |
| Schedule 8, page 214 [Vol I], leave out lines 4 and 5. |
|
| |
| | |
| Schedule 8, page 214, line 9 [Vol I], at end insert— |
|
| | ‘(4) | The first order made under this section may include provisions having effect in |
|
| | relation to times before the making of the order (but not times earlier than 1st |
|
| | |
|
|
| |
| |
|
| |
| |
| |
| |
| |
| | |
| Schedule 8, page 215, line 19 [Vol I], leave out from ‘if’ to second ‘the in line |
|
| |
| |
| | |
| Schedule 8, page 216, line 6 [Vol I], after ‘lease’ insert ‘(“the new lease”)’. |
|
| |
| | |
| Schedule 8, page 217, line 11 [Vol I], after ‘lease’ insert ‘(“the new lease”)’. |
|
| |
| | |
| Schedule 8, page 245 [Vol I], leave out lines 38 and 39 and insert— |
|
| | | ‘unless the lease was finalised (see paragraph 23) before 21st July 2005 and on |
|
| | 17th May 2006 the lessor was within the charge to tax. |
|
| | | As respects any time before 18th May 2006, this sub-paragraph has effect with |
|
| | the omission of the words “and on 17th May 2006 the lessor was within the |
|
| | |
| |
| | |
| Schedule 8, page 245, line 39 [Vol I], at end insert— |
|
| | | ‘This sub-paragraph is subject to sub-paragraphs (5) and (6).’. |
|
| |
| |
| |
| |
| |
| | |
| Schedule 8, page 246, line 2 [Vol I], leave out ‘April’ and insert ‘September’. |
|
| |
| | |
| Schedule 8, page 246, line 6 [Vol I], leave out from beginning to first ‘the’ in line |
|
| |
| | ‘(a) | the commencement of the term of the lease was before 1st April 2006, but |
|
| | |
| |
| |
| |
| |
| |
| | |
| Schedule 8, page 246, line 6 [Vol I], leave out ‘April’ and insert ‘September’. |
|
|
|
| |
| |
|
| |
| | |
| Schedule 8, page 246, line 13 [Vol I], at end insert— |
|
| | (5) | Where the amendments made by this Schedule do not have effect in relation to |
|
| | a lease in the case of the lessor but— |
|
| | (a) | there is a transfer of plant or machinery, |
|
| | (b) | immediately before the transfer, the lessor is within the charge to tax, |
|
| | |
| | (c) | the transfer is in circumstances such that, if the amendments made by |
|
| | this Schedule did apply in relation to the lease, section 70W(4)(b) of |
|
| | CAA 2001 (transfers, assignments etc by lessor) would have effect in |
|
| | relation to the new lessor to treat the new lease as a lease which is not |
|
| | |
| | | the amendments made by this Schedule do not have effect in relation to the |
|
| | new lease in the case of the new lessor. |
|
| | |
| | “the new lease” means the lease that would be the new lease for the purposes |
|
| | of section 70W of CAA 2001, if that section applied; |
|
| | “the new lessor” means the person who would be the new lessor for the |
|
| | purposes of that section, if that section applied; |
|
| | | and section 70W(7) of CAA 2001 (construction of references to transfer of |
|
| | plant or machinery) also has effect for the purposes of this sub-paragraph. |
|
| | (6) | Where the amendments made by this Schedule do not have effect in relation to |
|
| | a lease in the case of the lessee but— |
|
| | (a) | there is a transfer of plant or machinery, |
|
| | (b) | immediately before the transfer, the lessee is within the charge to tax, |
|
| | |
| | (c) | the transfer is in circumstances such that, if the amendments made by |
|
| | this Schedule did apply in relation to the lease, section 70X(4)(b) of |
|
| | CAA 2001 (transfers, assignments etc by lessee) would have effect in |
|
| | relation to the new lessee to treat the new lease as a lease which is not |
|
| | |
| | | the amendments made by this Schedule do not have effect in relation to the |
|
| | new lease in the case of the new lessee. |
|
| | |
| | “the new lease” means the lease that would be the new lease for the purposes |
|
| | of section 70X of CAA 2001, if that section applied; |
|
| | “the new lessee” means the person who would be the new lessee for the |
|
| | purposes of that section, if that section applied. |
|
| | | and section 70X(7) of CAA 2001 (construction of references to transfer of |
|
| | plant or machinery) also has effect for the purposes of this sub-paragraph. |
|
| | (7) | In the application of section 70W(4)(b) or 70X(4)(b) of CAA 2001 for the |
|
| | purposes of sub-paragraph (5) or (6), the lease mentioned in the opening words |
|
| | of the sub-paragraph in question is to be regarded as a lease which is not a long |
|
| | |
| | Schedule, as amended, Agreed to. |
|
| |