Finance Act 2008
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
SCHEDULE 23 Manufactured payments: anti-avoidance
Section 63 Introduction 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 572A 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 573 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 574 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 575 5 Omit section 575 (allowable deductions for manufactured dividends on UK shares: restriction on double-counting). Section 578 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 579 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 580 8 Omit section 580 (allowable deductions for manufactured interest on UK securities: restriction on double counting). Section 581A 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 583 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital gains 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 In ITA 2007, omit paragraph 335(5) of Schedule 1 (which amended section 263D(7) of TCGA 1992).
SCHEDULE 23 Manufactured payments: anti-avoidance
Section 63 Introduction 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 572A 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 573 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 574 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 575 5 Omit section 575 (allowable deductions for manufactured dividends on UK shares: restriction on double-counting). Section 578 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 579 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 580 8 Omit section 580 (allowable deductions for manufactured interest on UK securities: restriction on double counting). Section 581A 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 583 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital gains 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 In ITA 2007, omit paragraph 335(5) of Schedule 1 (which amended section 263D(7) of TCGA 1992).
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.