Finance Act 1991
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
110 Stamp duty abolished in certain cases.
(1) Where apart from this section stamp duty under any of the provisions of Schedule 13 to the Finance Act 1999 would be chargeable on an instrument, stamp duty shall not be so chargeable if the property consists entirely of exempt property. (5) For the purposes of this section exempt property is property other than— (a) land, (b) an interest in the proceeds of the sale of land held on trust for sale, or (c) a licence to occupy land. (6) This section applies to— (a) an instrument executed in pursuance of a contract made on or after the abolition day; (b) an instrument which is not executed in pursuance of a contract and is executed on or after the abolition day. (7) For the purposes of this section the abolition day is such day as may be appointed under section 111(1) of the Finance Act 1990 (abolition of stamp duty for securities etc).
110 Stamp duty abolished in certain cases.
(1) Where apart from this section stamp duty under any of the provisions of Schedule 13 to the Finance Act 1999 would be chargeable on an instrument, stamp duty shall not be so chargeable if the property consists entirely of exempt property. (5) For the purposes of this section exempt property is property other than— (a) land, (b) an interest in the proceeds of the sale of land held on trust for sale, or (c) a licence to occupy land. (6) This section applies to— (a) an instrument executed in pursuance of a contract made on or after the abolition day; (b) an instrument which is not executed in pursuance of a contract and is executed on or after the abolition day. (7) For the purposes of this section the abolition day is such day as may be appointed under section 111(1) of the Finance Act 1990 (abolition of stamp duty for securities etc).
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.