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
87 Qualifying policies: altering method for calculating benefits
(1) Schedule 15 to ICTA (provisions for determining whether an insurance policy is a “qualifying policy” for the purposes of the Tax Acts) is amended as follows.
(2) In paragraph 18 (variations), in sub-paragraph (3) (paragraph does not apply by reason of certain variations), at the end insert
, or
(d) any variation which alters the method for calculating the benefits secured by the policy.
.
(3) In paragraph 22 (certificates from body issuing policy), in sub-paragraph (3) (sub-paragraph (2) does not apply by reason of certain variations), at the end insert
; or
(c) any variation which alters the method for calculating the benefits secured by the policy.
.
(4) In the case of a variation effected as part of, or in connection with, an insurance business transfer scheme, the amendments made by this section are deemed always to have had effect.
(5) In any other case, the amendments made by this section have effect in relation to variations effected on or after 7th October 2005.
(6) In this section an “insurance business transfer scheme” means—
(a) a scheme falling within section 105 of the Financial Services and Markets Act 2000 (c. 8),
(b) a scheme sanctioned by a court under Part 1 of Schedule 2C to the Insurance Companies Act 1982 (c. 50), or
(c) a scheme sanctioned by a court under section 49 of that Act or under any earlier enactment corresponding to that section,
and for the purposes of this subsection any reference to an enactment is a reference to the enactment as it had effect from time to time.
Your change, as a redline
87 Qualifying policies: altering method for calculating benefits
(1) Schedule 15 to ICTA (provisions for determining whether an insurance policy is a “qualifying policy” for the purposes of the Tax Acts) is amended as follows.
(2) In paragraph 18 (variations), in sub-paragraph (3) (paragraph does not apply by reason of certain variations), at the end insert
, or
(d) any variation which alters the method for calculating the benefits secured by the policy.
.
(3) In paragraph 22 (certificates from body issuing policy), in sub-paragraph (3) (sub-paragraph (2) does not apply by reason of certain variations), at the end insert
; or
(c) any variation which alters the method for calculating the benefits secured by the policy.
.
(4) In the case of a variation effected as part of, or in connection with, an insurance business transfer scheme, the amendments made by this section are deemed always to have had effect.
(5) In any other case, the amendments made by this section have effect in relation to variations effected on or after 7th October 2005.
(6) In this section an “insurance business transfer scheme” means—
(a) a scheme falling within section 105 of the Financial Services and Markets Act 2000 (c. 8),
(b) a scheme sanctioned by a court under Part 1 of Schedule 2C to the Insurance Companies Act 1982 (c. 50), or
(c) a scheme sanctioned by a court under section 49 of that Act or under any earlier enactment corresponding to that section,
and for the purposes of this subsection any reference to an enactment is a reference to the enactment as it had effect from time to time.
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.