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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

What to do with it
As published

81 Transitional provision

(1) The Treasury may by regulations make such transitional or consequential provision, or such savings (with or without modifications), as they may from time to time consider appropriate in consequence of, or otherwise in connection with, any provision of section 79 or 80 or Schedule 23 or 24 (or any repeal consequential on any such provision). (2) The power conferred by subsection (1) includes power— (a) to make different provision for different cases or different purposes; (b) to amend any statutory instrument; and (c) to make incidental or supplementary provision. (3) The provision that may be made by virtue of subsection (1) or (2) includes provision for or in connection with bringing amounts into account— (a) for the purposes of the Taxation of Chargeable Gains Act 1992 (c. 12), as if they were chargeable gains or allowable losses; or (b) for the purposes of Part 5 of the Corporation Tax Act 2009, as if they were credits or debits in respect of a loan relationship or a related transaction of the company concerned. (4) Nothing in any provision of Schedule 23 or 24 shall prejudice the operation of this section. (5) Nothing in this section or in Schedule 23 or 24 limits the operation of section 16 or 17 of the Interpretation Act 1978 (c. 30) (effect of repeals).

Your change, as a redline

81 Transitional provision

(1) The Treasury may by regulations make such transitional or consequential provision, or such savings (with or without modifications), as they may from time to time consider appropriate in consequence of, or otherwise in connection with, any provision of section 79 or 80 or Schedule 23 or 24 (or any repeal consequential on any such provision). (2) The power conferred by subsection (1) includes power— (a) to make different provision for different cases or different purposes; (b) to amend any statutory instrument; and (c) to make incidental or supplementary provision. (3) The provision that may be made by virtue of subsection (1) or (2) includes provision for or in connection with bringing amounts into account— (a) for the purposes of the Taxation of Chargeable Gains Act 1992 (c. 12), as if they were chargeable gains or allowable losses; or (b) for the purposes of Part 5 of the Corporation Tax Act 2009, as if they were credits or debits in respect of a loan relationship or a related transaction of the company concerned. (4) Nothing in any provision of Schedule 23 or 24 shall prejudice the operation of this section. (5) Nothing in this section or in Schedule 23 or 24 limits the operation of section 16 or 17 of the Interpretation Act 1978 (c. 30) (effect of repeals).

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.

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Think 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.

Questions to start with
Think it through
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