Finance Act 1987
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
48 Unit trusts.
—In section of the Finance Act 1946 and in section 28 of the Finance (No. 2) Act (Northern Ireland) 1946— (a) for the definition in subsection (1) of “unit trust scheme” there shall be substituted— “unit trust scheme” has the same meaning as in the Financial Services Act 1986 (but subject to subsection (1A) of this section) ; (b) in the definition in subsection (1) of “trust instrument”, for the words from “by virtue” to “aforesaid” there shall be substituted the words “ on which the property in question is held ”; (c) after subsection (1) there shall be inserted— (1A) The Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this Part of this Act. (1B) Regulations under this section— (a) may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient, and (b) shall be made by statutory instrument, which shall be subject to annulment in pursuance of a resolution of the House of Commons. .
48 Unit trusts.
—In section of the Finance Act 1946 and in section 28 of the Finance (No. 2) Act (Northern Ireland) 1946— (a) for the definition in subsection (1) of “unit trust scheme” there shall be substituted— “unit trust scheme” has the same meaning as in the Financial Services Act 1986 (but subject to subsection (1A) of this section) ; (b) in the definition in subsection (1) of “trust instrument”, for the words from “by virtue” to “aforesaid” there shall be substituted the words “ on which the property in question is held ”; (c) after subsection (1) there shall be inserted— (1A) The Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this Part of this Act. (1B) Regulations under this section— (a) may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient, and (b) shall be made by statutory instrument, which shall be subject to annulment in pursuance of a resolution of the House of Commons. .
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.