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
As published
169 Reliefs for certain company acquisitions
(1) Part 3 of FA 1986 (stamp duty) is amended as follows.
(2) In section 75 (relief for acquisition of target company's undertaking in pursuance of reconstruction scheme)—
(a) in subsection (4) (condition as to registered office etc) omit “that the registered office of the acquiring company is in the United Kingdom and”, and
(b) in subsection (5)(c) (condition that any shareholder holds the same proportion of shares in the companies) after “the same” insert “ , or as nearly as may be the same, ”.
(3) In section 76 (other relief for acquisition of target company's undertaking), in subsection (3) (condition as to registered office etc) omit “that the registered office of the acquiring company is in the United Kingdom and”.
(4) In section 77 (relief for acquisition of target company's share capital), in subsection (3) (conditions for relief),—
(a) omit paragraph (a) (condition as to registered office),
(b) in paragraph (g) (condition that the number of shares of any particular class bear to all the shares the same proportion) after “the same proportion” insert “ , or as nearly as may be the same proportion, ”, and
(c) in paragraph (h) (condition that proportion of shares of any particular class held by any shareholder be the same) after “the same” insert “ , or as nearly as may be the same, ”.
(5) The amendments made by this section have effect in relation to instruments executed after the day on which this Act is passed.
Your change, as a redline
169 Reliefs for certain company acquisitions
(1) Part 3 of FA 1986 (stamp duty) is amended as follows.
(2) In section 75 (relief for acquisition of target company's undertaking in pursuance of reconstruction scheme)—
(a) in subsection (4) (condition as to registered office etc) omit “that the registered office of the acquiring company is in the United Kingdom and”, and
(b) in subsection (5)(c) (condition that any shareholder holds the same proportion of shares in the companies) after “the same” insert “ , or as nearly as may be the same, ”.
(3) In section 76 (other relief for acquisition of target company's undertaking), in subsection (3) (condition as to registered office etc) omit “that the registered office of the acquiring company is in the United Kingdom and”.
(4) In section 77 (relief for acquisition of target company's share capital), in subsection (3) (conditions for relief),—
(a) omit paragraph (a) (condition as to registered office),
(b) in paragraph (g) (condition that the number of shares of any particular class bear to all the shares the same proportion) after “the same proportion” insert “ , or as nearly as may be the same proportion, ”, and
(c) in paragraph (h) (condition that proportion of shares of any particular class held by any shareholder be the same) after “the same” insert “ , or as nearly as may be the same, ”.
(5) The amendments made by this section have effect in relation to instruments executed after the day on which this Act is passed.
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.
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.