Finance Act 1986
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 9 Business Expansion Scheme
Section 40. Part I 1—21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part II Consequential Amendments 22 In the Taxes Management Act 1970 the following section shall be inserted after section 47A— Special jurisdiction relating to Business Expansion Scheme. 47B If and so far as the question in dispute on any appeal against the refusal of relief under Schedule 5 to the Finance Act 1983 (relief for investment in corporate trades), or against an assessment withdrawing any such relief, is a question of the value of an interest in land (within the meaning of paragraph 5A(5) of that Schedule), it shall be determined— (a) if the land is in England and Wales, on a reference to the Lands Tribunal; (b) if the land is in Scotland, on a reference to the Lands Tribunal for Scotland; and (c) if the land is in Northern Ireland, on a reference to the Lands Tribunal for Northern Ireland 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 9 Business Expansion Scheme
Section 40. Part I 1—21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part II Consequential Amendments 22 In the Taxes Management Act 1970 the following section shall be inserted after section 47A— Special jurisdiction relating to Business Expansion Scheme. 47B If and so far as the question in dispute on any appeal against the refusal of relief under Schedule 5 to the Finance Act 1983 (relief for investment in corporate trades), or against an assessment withdrawing any such relief, is a question of the value of an interest in land (within the meaning of paragraph 5A(5) of that Schedule), it shall be determined— (a) if the land is in England and Wales, on a reference to the Lands Tribunal; (b) if the land is in Scotland, on a reference to the Lands Tribunal for Scotland; and (c) if the land is in Northern Ireland, on a reference to the Lands Tribunal for Northern Ireland 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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