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.
Section 154.
The Taxes Act 1988
1 Section 47 of the Taxes Act 1988 (FOTRA securities) shall cease to have effect.
2 Section 474(2) of that Act (which prevents the deduction of expenses in respect of securities the income on which is exempt from tax) shall cease to have effect.
3 (1) In section 475 of that Act (tax-free securities: exclusion of interest on borrowed money), ...
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Subsections (6) and (7) of that section shall cease to have effect.
4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 In paragraph 1(3) of Schedule 24 to that Act ... (amount taken into account in computing tax of company on the assumption that it is resident in the United Kingdom), for “by virtue of section 47 or 48” there shall be substituted, in each case, “ and have been so received by virtue of section 154(2) of the Finance Act 1996 ”.
The Inheritance Tax Act 1984 (c. 51)
7 In section 6(2) of the Inheritance Tax Act 1984 (FOTRA securities to be excluded property in specified circumstances), for the words from “neither” to “United Kingdom” there shall be substituted “ of a description specified in the condition ”.
8 In each of paragraphs (a) and (b) of section 48(4) of that Act (excluded property in the case of settlements), for the words from “neither” to “United Kingdom” there shall be substituted “ of a description specified in the condition in question ”.
Section 154.
The Taxes Act 1988
1 Section 47 of the Taxes Act 1988 (FOTRA securities) shall cease to have effect.
2 Section 474(2) of that Act (which prevents the deduction of expenses in respect of securities the income on which is exempt from tax) shall cease to have effect.
3 (1) In section 475 of that Act (tax-free securities: exclusion of interest on borrowed money), ...
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Subsections (6) and (7) of that section shall cease to have effect.
4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 In paragraph 1(3) of Schedule 24 to that Act ... (amount taken into account in computing tax of company on the assumption that it is resident in the United Kingdom), for “by virtue of section 47 or 48” there shall be substituted, in each case, “ and have been so received by virtue of section 154(2) of the Finance Act 1996 ”.
The Inheritance Tax Act 1984 (c. 51)
7 In section 6(2) of the Inheritance Tax Act 1984 (FOTRA securities to be excluded property in specified circumstances), for the words from “neither” to “United Kingdom” there shall be substituted “ of a description specified in the condition ”.
8 In each of paragraphs (a) and (b) of section 48(4) of that Act (excluded property in the case of settlements), for the words from “neither” to “United Kingdom” there shall be substituted “ of a description specified in the condition in question ”.
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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