House of Commons - Amendments
Finance (No. 2) Bill, As Amended - continued          House of Commons

back to previous text

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

35

* Page 393, line 9 [Schedule 20], 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

36

* Page 396, line 15 [Schedule 20], at end insert ‘, or

        (c) a relationship breakdown settlement interest.”’.

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

37

* Page 396, line 30 [Schedule 20], at end insert ‘, or

        (d) a relationship breakdown settlement interest.”’.

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

38

* Page 396, line 39 [Schedule 20], at end insert ‘, or

        (d) a relationship breakdown settlement interest.”’.


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

39

* Page 397, line 24 [Schedule 20], at end insert ‘, or

        (c) a relationship breakdown settlement interest.”’.


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

40

* Page 398, line 10 [Schedule 20], at end insert ‘, or

        (c) a relationship breakdown settlement interest.”’.

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

41

* Page 398, line 28 [Schedule 20], at end insert ‘, or

        (d) a relationship breakdown settlement interest.”’.

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

3

Page 398, line 39 [Schedule 20], at end insert—

      ‘(2A) After sub-paragraph 1(f) insert—

        “(g) a life protection policy as defined in subsection 4 below;

        (h) property representing directly or indirectly any sum paid under a life protection policy, within two years following the death of any person giving rise to that sum.”.’.


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

42

* Page 399, line 11 [Schedule 20], 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

4

Page 399, line 25 [Schedule 20], at end insert—

      ‘(4) After section 58(3) insert—

“58(4) In subsections 1(g) and 1(h) above a “life protection policy” is a policy of insurance where the sum payable on the death or disability of any person is at all times no less than a number of equal to ten multiplied by the highest total sum of premiums paid in any period of twelve months.”.’.

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

43

* Page 399, line 37 [Schedule 20], after first ‘interest’, insert ‘, or a relationship breakdown settlement interest’.


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

33

* Page 400, line 6 [Schedule 20], at end insert—

‘20A In IHTA 1984 after section 59 IHTA 1984 insert—

    59A Relationship breakdown settlement interest

      (1) Where a person (“L”) is beneficially entitled to an interest in possession in settled property, for the purposes of this Chapter that interest is a “relationship breakdown settlement interest” only if the following conditions are satisfied.

      (2) Condition 1 is that the settlement was effected, or if there was a prior settlement it was confirmed or varied, by a court order, in proceedings of the type mentioned in section 10(1)(c).

      (3) Condition 2 is that L became beneficially entitled to the interest in possession on or before the date on which the court order came into effect.’.


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

44

* Page 401, line 21 [Schedule 20], after ‘interest’, insert ‘, or

          (iii) a relationship breakdown settlement interest.’.

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

45

* Page 401, line 27 [Schedule 20], after second ‘interest’, insert ‘or a relationship breakdown settlement interest’.

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

46

* Page 401, line 30 [Schedule 20], after ‘interest’, insert ‘or a relationship breakdown settlement interest’.

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

47

* Page 401, line 37 [Schedule 20], leave out ‘neither’ and insert ‘not’.

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

48

* Page 401, line 37 [Schedule 20], leave out ‘nor’ and insert ‘or’.

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

49

* Page 401, line 38 [Schedule 20], after ‘interest’, insert ‘or a relationship breakdown settlement interest.’.


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

50

* Page 402, line 2 [Schedule 20], at end insert ‘, or

        (d) a relationship breakdown settlement interest.”’.


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

11

Page 403, line 26 [Schedule 20], at end insert—

      ‘“lacked capacity” means lacked capacity, within the meaning of the Mental Capacity Act 2005, in relation to any financial matter;’.

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

51

* Page 403, line 26 [Schedule 20], at end insert—

      ‘“relationship breakdown settlement interest” means a relationship breakdown settlement interest for the purposes of Chapter 3 of Part 3 (see section 59A above);”’.


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

12

Page 404, line 6 [Schedule 20], at end insert—

          ‘(iii) a disabled person’s interest, within the meaning given by section 89B of that Act; or’.

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

52

* Page 404, line 6 [Schedule 20], at end insert—

          ‘(iii) a relationship breakdown settlement interest within the meaning given by section 59A of that Act, or’.


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

53

* Page 405, line 5 [Schedule 20], after ‘interest’, insert ‘or

          (iii) a relationship breakdown settlement interest.’.


Mr Chancellor of the Exchequer

31

* Page 463, line 2 [Schedule 23], at end insert—

    Short service refund lump sum: protected rights etc.

26A In paragraph 5(1)(d) of Schedule 29 (requirement that lump sum under a pension scheme must extinguish member’s entitlement to benefits under the pension scheme in order to be short service refund lump sum), after “scheme” insert “(except to the extent that it is prohibited from being extinguished by the payment of a lump sum by reason of the operation of provision made by or under any enactment).”.’.

ORDER OF THE HOUSE [24TH APRIL 2006]

       That the following provisions shall apply to the Finance (No. 2) Bill:

    (1) 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 shall be committed to a Committee of the whole House;

    (2) the remainder of the Bill shall be committed to a Standing Committee;

    (3) when the provisions of the Bill considered, respectively, by the Committee of the whole House and by the Standing Committee have been reported to the House, the Bill shall be proceeded with as if it had been reported as a whole to the House from the Standing Committee.


 
 
previous section contents  
 
House of Commons home page Houses of Parliament home page House of Lords home page search page enquiries ordering index

© Parliamentary copyright 2006
Prepared: 28 June 2006