Finance Act 2013
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
121 Date of acquisition or disposal
(1) A person who acquires a chargeable interest in or over land that consists of or includes a dwelling is treated for the purposes of this Part as acquiring the interest on the effective date of the acquisition (and therefore as entitled to the interest with effect from that date: see section 171). (2) A person who disposes of a chargeable interest in or over land that consists of or includes a dwelling is treated for the purposes of this Part as ceasing to be entitled to the interest on the effective date of the disposal (and therefore as not being entitled to the interest on that day: see section 171). (3) If a person's acquisition and disposal of a chargeable interest are completed on the same day, then for the purposes of this Part— (a) the person's acquisition of the interest is ignored if it precedes the disposal; (b) the person's disposal of the interest is ignored if it precedes the acquisition. (4) The effective date of an acquisition of a chargeable interest is— (a) the date on which the acquisition is completed, or (b) any alternative date the Commissioners for Her Majesty's Revenue and Customs may prescribe by regulations. (5) The effective date of a disposal of a chargeable interest is— (a) the date on which the disposal is completed, or (b) any alternative date the Commissioners for Her Majesty's Revenue and Customs may specify by regulations.
121 Date of acquisition or disposal
(1) A person who acquires a chargeable interest in or over land that consists of or includes a dwelling is treated for the purposes of this Part as acquiring the interest on the effective date of the acquisition (and therefore as entitled to the interest with effect from that date: see section 171). (2) A person who disposes of a chargeable interest in or over land that consists of or includes a dwelling is treated for the purposes of this Part as ceasing to be entitled to the interest on the effective date of the disposal (and therefore as not being entitled to the interest on that day: see section 171). (3) If a person's acquisition and disposal of a chargeable interest are completed on the same day, then for the purposes of this Part— (a) the person's acquisition of the interest is ignored if it precedes the disposal; (b) the person's disposal of the interest is ignored if it precedes the acquisition. (4) The effective date of an acquisition of a chargeable interest is— (a) the date on which the acquisition is completed, or (b) any alternative date the Commissioners for Her Majesty's Revenue and Customs may prescribe by regulations. (5) The effective date of a disposal of a chargeable interest is— (a) the date on which the disposal is completed, or (b) any alternative date the Commissioners for Her Majesty's Revenue and Customs may specify by regulations.
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.