Finance Act 1963
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
55 Reduced duty on conveyance or transfer on sale.
(1) Subject to subsections (1A) to (3) below and to the following provisions of this Part of this Act, the stamp duty chargeable under the heading “Conveyance or Transfer on sale” in Schedule 1 to the Stamp Act 1891 shall be charged by reference to the amount or value of the consideration for the sale at the following rates, that is to say— (a) where the amount or value of the consideration is £60,000 or under and the instrument is certified, as described in section 34(4) of the Finance Act 1958, at £60,000, nil; (b) where paragraph (a) above does not apply and— (i) the amount or value of the consideration does not exceed £500, and (ii) the instrument is certified as described in section 34(4) of the Finance Act 1958 at £250,000, the rate of 50p for every £50 or part of £50 of the consideration; (c) where paragraph (a) above does not apply and— (i) the amount or value of the consideration exceeds £500 but does not exceed £250,000, and (ii) the instrument is certified as described in section 34(4) of the Finance Act 1958 at £250,000, the rate of £1 for every £100 or part of £100 of the consideration; (d) where paragraphs (a) to (c) above do not apply and— (i) the amount or value of the consideration does not exceed £500,000, and (ii) the instrument is certified as described in section 34(4) of the Finance Act 1958 at £500,000, the rate of £2.50p for every £100 or part of £100 of the consideration; and (e) in any other case the rate of £3.50pfor every £100 or part of £100 of the consideration; and any duty chargeable by reference to that heading shall be charged accordingly. (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) In relation to duty chargeable by reference to the heading mentioned in subsection (1) above by virtue of the heading “Lease or Tack” in the said Schedule 1 in a case where part of the consideration consists of rent and that rent exceeds £600 a year, subsection (1) above shall have effect as if(a)paragraph (a) and, in paragraphs (b) and (c), the words “paragraph (a) above does not apply and” were omitted. and (b) in paragraph (d) for the words “paragraphs (a) to (c)” there were substituted the words “paragraphs (b) and (c)”. (3) Nothing in this section shall affect any enactment imposing an upper limit on the amount of duty chargeable ad valorem. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
55 Reduced duty on conveyance or transfer on sale.
(1) Subject to subsections (1A) to (3) below and to the following provisions of this Part of this Act, the stamp duty chargeable under the heading “Conveyance or Transfer on sale” in Schedule 1 to the Stamp Act 1891 shall be charged by reference to the amount or value of the consideration for the sale at the following rates, that is to say— (a) where the amount or value of the consideration is £60,000 or under and the instrument is certified, as described in section 34(4) of the Finance Act 1958, at £60,000, nil; (b) where paragraph (a) above does not apply and— (i) the amount or value of the consideration does not exceed £500, and (ii) the instrument is certified as described in section 34(4) of the Finance Act 1958 at £250,000, the rate of 50p for every £50 or part of £50 of the consideration; (c) where paragraph (a) above does not apply and— (i) the amount or value of the consideration exceeds £500 but does not exceed £250,000, and (ii) the instrument is certified as described in section 34(4) of the Finance Act 1958 at £250,000, the rate of £1 for every £100 or part of £100 of the consideration; (d) where paragraphs (a) to (c) above do not apply and— (i) the amount or value of the consideration does not exceed £500,000, and (ii) the instrument is certified as described in section 34(4) of the Finance Act 1958 at £500,000, the rate of £2.50p for every £100 or part of £100 of the consideration; and (e) in any other case the rate of £3.50pfor every £100 or part of £100 of the consideration; and any duty chargeable by reference to that heading shall be charged accordingly. (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) In relation to duty chargeable by reference to the heading mentioned in subsection (1) above by virtue of the heading “Lease or Tack” in the said Schedule 1 in a case where part of the consideration consists of rent and that rent exceeds £600 a year, subsection (1) above shall have effect as if(a)paragraph (a) and, in paragraphs (b) and (c), the words “paragraph (a) above does not apply and” were omitted. and (b) in paragraph (d) for the words “paragraphs (a) to (c)” there were substituted the words “paragraphs (b) and (c)”. (3) Nothing in this section shall affect any enactment imposing an upper limit on the amount of duty chargeable ad valorem. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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.