Finance Act 2002
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
44 Exemptions for disposals by companies with substantial shareholding
(1) In Chapter 1 of Part 6 of the Taxation of Chargeable Gains Act 1992 (c. 12) (provisions relating to chargeable gains of companies), after section 192 insert— Disposals by companies with substantial shareholding Exemptions for gains or losses on disposal of shares etc 192A Schedule 7AC (exemptions for disposal of shares etc by companies with substantial shareholding) has effect. . (2) Schedule 8 to this Act (exemptions for disposals by companies with substantial shareholding) has effect. In that Schedule— Part 1 contains Schedule 7AC to be inserted after Schedule 7AB to the Taxation of Chargeable Gains Act 1992 (c. 12) (inserted by Schedule 7 to this Act); and Part 2 contains consequential amendments. (3) This section and Schedule 8 to this Act apply in relation to disposals on or after 1st April 2002. (4) Paragraph 38 of the Schedule 7AC inserted by that Schedule (degrouping: time when deemed sale and reacquisition treated as taking place) has effect where the time of degrouping or relevant time (as defined for the purposes of that paragraph) is on or after that date. (5) The amendment made by paragraph 2 of Schedule 8 to this Act has effect where the company in question ceases to be a member of the group in question on or after that date.
44 Exemptions for disposals by companies with substantial shareholding
(1) In Chapter 1 of Part 6 of the Taxation of Chargeable Gains Act 1992 (c. 12) (provisions relating to chargeable gains of companies), after section 192 insert— Disposals by companies with substantial shareholding Exemptions for gains or losses on disposal of shares etc 192A Schedule 7AC (exemptions for disposal of shares etc by companies with substantial shareholding) has effect. . (2) Schedule 8 to this Act (exemptions for disposals by companies with substantial shareholding) has effect. In that Schedule— Part 1 contains Schedule 7AC to be inserted after Schedule 7AB to the Taxation of Chargeable Gains Act 1992 (c. 12) (inserted by Schedule 7 to this Act); and Part 2 contains consequential amendments. (3) This section and Schedule 8 to this Act apply in relation to disposals on or after 1st April 2002. (4) Paragraph 38 of the Schedule 7AC inserted by that Schedule (degrouping: time when deemed sale and reacquisition treated as taking place) has effect where the time of degrouping or relevant time (as defined for the purposes of that paragraph) is on or after that date. (5) The amendment made by paragraph 2 of Schedule 8 to this Act has effect where the company in question ceases to be a member of the group in question on or after that date.
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.