10 Jun 2008 : Column GC196
Omit section 36 (transfer of property etc. of Urban Regeneration Agency) and the italic heading before it.
(a) in the definition of qualifying transfer omit paragraph (b), and(b) in the definition of transfer scheme for any of sections 34 to 37 substitute section 34 or 35.
In section 39(4)(b) (stamp duty) for any of sections 34 to 37 and substitute section 34 or 35 or.
Schedule 8, page 191, line 32, at end insert
(1) Section 408 (transfers of property, rights or liabilities) is amended as follows.
Schedule 8, page 191, line 40, at end insert
Finance Act 2003 (c. 14)
In section 71(4) (certain acquisitions by registered social landlord exempt from charge to stamp duty land tax) after paragraph (c) insert
(ca) under section 22 of the Housing and Regeneration Act 2008 (financial assistance by the Homes and Communities Agency),.
(1) Schedule 9 (stamp duty land tax: right to buy, shared ownership leases etc.) is amended as follows.
(2) In paragraph 1(3) for Commission for the New Towns substitute English new towns residuary body.
(4A) In sub-paragraph (3) English new towns residuary body means the Homes and Communities Agency so far as exercising functions in relation to anything transferred (or to be transferred) to it as mentioned in section 54(1)(a) to (d) of the Housing and Regeneration Act 2008.
(e) the English new towns residuary body (within the meaning given by paragraph 1(4A));.
On Question, amendments agreed to.
[Amendment No. 97P not moved.]
Schedule 8, as amended, agreed to.
Clauses 59 to 61 agreed to.
Lord Bassam of Brighton: I was exhausted listening to that. I think that this may be a convenient moment for the Committee to adjourn until tomorrow at 3.45 pm.
The Deputy Chairman of Committees (Lord Faulkner of Worcester): The Committee stands adjourned until tomorrow at 3.45 pm.
The Committee adjourned at 7.39 pm.