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11 | Rates of vehicle excise duty |
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(1) | Schedule 1 to VERA 1994 (annual rates of duty) is amended as follows. |
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(2) | In paragraph 1 (general)— |
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(a) | in sub-paragraph (2) (vehicle not covered elsewhere in Schedule |
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otherwise than with engine cylinder capacity not exceeding 1,549cc), |
| 5 |
for “£175” substitute “£180”, and |
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(b) | in sub-paragraph (2A) (vehicle not covered elsewhere in Schedule with |
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engine cylinder capacity not exceeding 1,549cc), for “£110” substitute |
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(3) | Paragraph 1B (graduated rates for light passenger vehicles) is amended as |
| 10 |
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(4) | For the words from “Table A” to “date,” substitute “the following table”. |
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(5) | For “, or is liable to the standard rate or the premium” substitute “or is liable to |
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(6) | For Tables A and B substitute— |
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| |
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The table has effect in relation to vehicles first registered before 23rd March |
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(a) | in column (3), in the last row, “190” were substituted for “285”, and |
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(b) | in column (4), in the last row, “205” were substituted for “300”.” |
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(7) | For paragraphs 1D and 1E substitute— |
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1D | A vehicle is liable to the standard rate of duty if it does not qualify |
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for the reduced rate of duty.” |
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(8) | In paragraph 1J (light goods vehicles)— |
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(a) | in sub-paragraph (a) (vehicle which is not lower-emission van), for |
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“£170” substitute “£175”, and |
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(b) | in sub-paragraph (b) (lower-emission van), for “£110” substitute |
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(9) | In paragraph 2(1) (motorcycles)— |
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(a) | in paragraph (b) (motorbicycle and engine’s cylinder capacity more |
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than 150cc but not more than 400cc), for “£31” substitute “£32”, |
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(b) | in paragraph (c) (motorbicycle and engine’s cylinder capacity more |
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than 400cc but not more than 600cc), for “£46” substitute “£47”, and |
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(c) | in paragraph (d) (any other case), for “£62” substitute “£64”. |
| 10 |
(10) | The amendments made by this section have effect in relation to licences taken |
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out on or after 22nd March 2007. |
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12 | Rates of air passenger duty |
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(1) | Section 30 of FA 1994 (rates of air passenger duty) is amended as follows. |
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(2) | In subsection (3A) (destinations in EEA States and qualifying territories etc)— |
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(a) | in paragraph (a) (standard class travel), for “£5” substitute “£10”, and |
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(b) | in paragraph (b) (any other case), for “£10” substitute “£20”. |
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(3) | In subsection (4) (other destinations)— |
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(a) | in paragraph (a) (standard class travel), for “£20” substitute “£40”, and |
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(b) | in paragraph (b) (any other case), for “£40” substitute “£80”. |
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(4) | The amendments made by this section have effect in relation to any carriage of |
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a passenger on an aircraft which begins on or after 1st February 2007. |
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(5) | But if the amount of duty due from any operator in the accounting period |
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ending before 21st March 2007 increased as a result of those amendments, the |
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operator is to pay the amount of that increase as if it became due in the first |
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accounting period ending after that day. |
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(6) | Expressions which are used in subsection (5) and in the Air Passenger Duty |
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Regulations 1994 (S.I. 1994/1738) have the same meaning in that subsection as |
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13 | Rates of climate change levy |
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(1) | For the Table in paragraph 42(1) of Schedule 6 to FA 2000 substitute— |
| |
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| Taxable commodity supplied |
| Rate at which levy payable if |
| | | | | supply is not a reduced-rate supply |
| | | | | £0.00456 per kilowatt hour |
| | 35 | | Gas supplied by a gas utility or |
| £0.00159 per kilowatt hour |
| | | | any gas supplied in a gaseous |
| | | | | state that is of a kind supplied |
| | | | | | | | |
|
|
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|
| |
|
| Taxable commodity supplied |
| Rate at which levy payable if |
| | | | | supply is not a reduced-rate supply |
| | | | Any petroleum gas, or other |
| | | | | gaseous hydrocarbon, supplied |
| | | | | | | | 5 | | Any other taxable commodity |
| | | |
|
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(2) | The amendment made by subsection (1) has effect in relation to supplies |
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treated as taking place on or after 1st April 2008. |
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14 | Rate of aggregates levy |
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(1) | In section 16(4) of FA 2001 (rate of aggregates levy), for “£1.60” substitute |
| 10 |
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(2) | The amendment made by subsection (1) has effect in relation to aggregate |
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subjected to commercial exploitation on or after 1st April 2008. |
| |
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(1) | Section 42 of FA 1996 (amount of landfill tax) is amended as follows. |
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(a) | subsection (1)(a) (the standard rate), and |
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(b) | subsection (2) (reference to the standard rate taken to be £2 in cases of |
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disposals of qualifying material), |
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| for “£21” substitute “£24”. |
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(3) | The amendments made by subsection (2) have effect in relation to disposals |
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made (or treated as made) on or after 1st April 2007 (but before 1st April 2008). |
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(4) | In subsection (1)(a), for “£24” substitute “£32” and, in subsection (2), for “£24 |
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were to £2” substitute “£32 were to £2.50”. |
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(5) | The amendments made by subsection (4) come into force on 1st April 2008 and |
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have effect in relation to disposals made (or treated as made) on or after that |
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16 | Emissions trading: charges for allocations |
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(1) | The Treasury may impose charges by providing for Community tradeable |
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emissions allowances to be allocated in return for payment. |
| 30 |
(2) | The Treasury must by regulations make provision for and in connection with |
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allocations of allowances in return for payment. |
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(3) | The regulations must provide for allocations to be overseen by an independent |
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person appointed by the Treasury. |
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(4) | The regulations may make any other provision about allocations which the |
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Treasury consider appropriate, including (in particular)— |
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(a) | provision as to the imposition of fees, and as to the making and |
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forfeiting of deposits, in connection with participation in allocations, |
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(b) | provision as to the persons by whom allocations are to be conducted, |
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|
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|
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(c) | provision for the imposition and recovery of penalties for failure to |
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comply with the terms of a scheme made under subsection (5), |
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(d) | provision for and in connection with the recovery of payments due in |
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respect of allowances allocated (including provision as to the |
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imposition and recovery of interest and penalties), and |
| 5 |
(e) | provision conferring rights of appeal against decisions made in |
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allocations, the forfeiting of deposits and the imposition of penalties |
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(including provision specifying the person, court or tribunal to hear |
| |
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(5) | The Treasury may make schemes about the conduct and terms of allocations |
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(to have effect subject to any regulations under this section); and schemes may |
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in particular include provision about— |
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(a) | who may participate in allocations, |
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(b) | the allowances to be allocated, and |
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(c) | where and when allocations are to take place. |
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(6) | “Community tradeable emissions allowances” are transferable allowances |
| |
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(a) | relate to the making of emissions of greenhouse gases, and |
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(b) | are allocated as part of a system made for the purpose of implementing |
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any Community obligation of the United Kingdom relating to such |
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| and “greenhouse gases” means carbon dioxide, methane, nitrous oxide, |
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hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride. |
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(7) | Regulations under this section are to be made by statutory instrument. |
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(8) | A statutory instrument containing regulations under this section is subject to |
| 25 |
annulment in pursuance of a resolution of the House of Commons unless a |
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draft of the regulations has been laid before, and approved by a resolution of, |
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17 | Corporation tax deduction for expenditure on energy-saving items |
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(1) | In ICTA, after section 31 insert— |
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“31ZA | Deduction for expenditure on energy-saving items |
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(1) | This section applies if— |
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(a) | a company carries on a Schedule A business in relation to land |
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which consists of or includes a dwelling-house, |
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(b) | the company incurs expenditure in acquiring and installing an |
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energy-saving item in the dwelling-house or in a building |
| |
containing the dwelling-house (see subsections (5) to (7)), |
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(c) | the expenditure is incurred before 1st April 2015, |
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(d) | a deduction for the expenditure is not prohibited by the wholly |
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and exclusively rule but would otherwise be prohibited by the |
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capital prohibition rule (see subsection (8)), and |
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(e) | no allowance under the Capital Allowances Act may be claimed |
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in respect of the expenditure. |
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(2) | In calculating the profits of the Schedule A business, a deduction for the |
| |
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(3) | But any deduction is subject to— |
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(a) | section 31ZB (restrictions on the relief), and |
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(b) | any provision made by regulations under section 31ZC. |
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(4) | If, on a just and reasonable apportionment of any expenditure, part of |
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the expenditure would qualify for the relief (but the remainder would |
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not), a deduction is allowed for that part. |
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(5) | “Energy-saving item” means an item of an energy-saving nature of |
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such description as is for the time being specified in regulations made |
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(6) | The Treasury may by regulations provide for an item to be an energy- |
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saving item only if it satisfies such conditions as may be— |
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(b) | determined in accordance with, |
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(7) | The conditions may include conditions imposed by reference to |
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information or documents issued by any body, person or organisation. |
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“the capital prohibition rule” means the rule in section 74(1)(f) or |
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(g) (capital expenditure), as applied by section 21A, and |
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“the wholly and exclusively rule” means the rule in section |
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74(1)(a) or (e) (expenses not wholly and exclusively for trade |
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and unconnected losses), as applied by section 21A. |
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31ZB | Restrictions on relief |
| 30 |
(1) | This section restricts deductions that would otherwise be allowable |
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(2) | No deduction is allowed if, when the energy-saving item is installed, |
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(a) | is in the course of construction, or |
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(b) | is comprised in land in which the company does not have an |
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interest or is in the course of acquiring an interest or further |
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(3) | No deduction is allowed in respect of expenditure in an accounting |
| |
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(a) | the Schedule A business consists of or includes the commercial |
| |
letting of furnished holiday accommodation for the purposes of |
| |
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(b) | the dwelling-house constitutes some or all of that |
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accommodation for the accounting period. |
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(4) | No deduction is allowed in respect of expenditure treated by section |
| |
401 (as applied by section 21B) as incurred on the date on which the |
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company starts to carry on the Schedule A business unless the |
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expenditure was incurred not more than 6 months before that date. |
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(5) | No deduction is allowed in respect of expenditure incurred in |
| 5 |
acquiring and installing the energy-saving item in a building |
| |
containing the dwelling-house in so far as the expenditure is not for the |
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benefit of the dwelling-house. |
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(1) | In relation to any deduction under section 31ZA, the Treasury may |
| 10 |
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(a) | restricting or reducing the amount of expenditure for which the |
| |
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(b) | excluding entitlement to the deduction in such cases as may be |
| |
specified in, or determined in accordance with, the regulations, |
| 15 |
(c) | determining who is (and is not) entitled to the deduction if |
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different persons have different interests in land that consists of |
| |
or includes the whole or part of a building containing one or |
| |
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(d) | making apportionments if the Schedule A business is carried on |
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by persons in partnership or an interest in land is beneficially |
| |
owned by persons jointly or in common. |
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(2) | The apportionments that may be made include apportionments to |
| |
persons within the charge to income tax. |
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(3) | Regulations under this section may— |
| 25 |
(a) | make different provision for different cases, and |
| |
(b) | contain incidental, supplemental, consequential and |
| |
transitional provision and savings (including provision as to |
| |
appeals in relation to apportionments mentioned in subsection |
| |
| 30 |
(2) | The amendment made by subsection (1) has effect in relation to expenditure |
| |
incurred on or after such day as the Treasury may by order appoint. |
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18 | Extension of income tax deduction for expenditure on energy-saving items |
| |
(1) | Section 312 of ITTOIA 2005 (deduction for expenditure on energy-saving |
| |
items) is amended as follows. |
| 35 |
(2) | In subsection (1)(b) (expenditure incurred in acquiring and installing energy- |
| |
saving item in dwelling-house), for “in the dwelling-house an energy-saving |
| |
item” substitute “an energy-saving item in the dwelling-house or in a building |
| |
containing the dwelling-house”. |
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(3) | In subsection (1)(c) (expenditure incurred before 6th April 2009), for “2009” |
| 40 |
| |
(4) | In section 313 of that Act (restrictions on relief), insert at the end— |
| |
“(6) | No deduction is allowed in respect of expenditure incurred in |
| |
acquiring and installing the energy-saving item in a building |
| |
|
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|
| |
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containing the dwelling-house in so far as the expenditure is not for the |
| |
benefit of the dwelling-house.” |
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(5) | In section 314 of that Act (regulations), insert at the end— |
| |
“(3) | Regulations under this section may— |
| |
(a) | make different provision for different cases, and |
| 5 |
(b) | contain incidental, supplemental, consequential and |
| |
transitional provision and savings (including provision as to |
| |
appeals in relation to apportionments mentioned in subsection |
| |
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(6) | The amendments made by subsections (2) and (4) have effect in relation to |
| 10 |
expenditure incurred on or after 6th April 2007. |
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(7) | The amendment made by subsection (5) is deemed always to have had effect. |
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(8) | Regulations under section 314 of ITTOIA 2005 made on or after the day on |
| |
which this Act is passed but before 31st December 2007 may include provision |
| |
having effect in relation to expenditure incurred on or after 6th April 2007. |
| 15 |
19 | SDLT relief for new zero-carbon homes |
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(1) | In FA 2003, after section 58A insert— |
| |
“58B | Relief for new zero-carbon homes |
| |
(1) | The Treasury may make regulations granting relief on the first |
| |
acquisition of a dwelling which is a “zero-carbon home”. |
| 20 |
(2) | In subsection (1) “first acquisition of a dwelling” means the acquisition |
| |
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(a) | has been constructed for use as a single dwelling, and |
| |
(b) | has not previously been occupied. |
| |
(3) | For the purpose of subsection (2) land occupied or enjoyed with a |
| 25 |
dwelling as a garden or grounds is part of the dwelling. |
| |
(4) | The regulations shall define “zero-carbon home” by reference to |
| |
specified aspects of the energy efficiency of a building; for which |
| |
purpose “energy efficiency” includes— |
| |
(a) | consumption of energy, |
| 30 |
(b) | conservation of energy, and |
| |
(c) | generation of energy. |
| |
(5) | The relief may take the form of— |
| |
(a) | exemption from charge, or |
| |
(b) | a reduction in the amount of tax chargeable. |
| 35 |
(6) | Regulations under this section shall not have effect in relation to |
| |
acquisitions on or after 1st October 2012. |
| |
(7) | The Treasury may by order— |
| |
(a) | substitute a later date for the date in subsection (6); |
| |
(b) | make transitional provision, or provide savings, in connection |
| 40 |
with the effect of subsection (6). |
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|