Finance (No. 2) Act 2005
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
59 Consequential amendments
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) In section 140A of TCGA 1992 (transfer of UK trade)— (a) in subsection (1)(b) for “securities” substitute “ shares or debentures ”, and (b) in subsection (7) omit the definition of “securities”. (4) In section 140C of TCGA 1992 (transfer of non-UK trade)— (a) in subsection (1)(c) for “securities” substitute “ shares or debentures ”, and (b) in subsection (9) omit the definition of “securities”. (5) In paragraph 88(1) and (5) of Schedule 29 to FA 2002 (intangible fixed assets: gains and losses: transferred assets: application for clearance) after “85(5),” insert “ 85A(5), 87A(6), ”. (6) In paragraph 127 of that Schedule (acquired assets to be treated as existing assets) after sub-paragraph (1)(b)(ii) insert— , or (iii) section 140E of that Act (transfer on formation of SE by merger), . (7) Subsections (3) and (4) shall have effect in relation to an issue effected on or after 1st April 2005.
59 Consequential amendments
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) In section 140A of TCGA 1992 (transfer of UK trade)— (a) in subsection (1)(b) for “securities” substitute “ shares or debentures ”, and (b) in subsection (7) omit the definition of “securities”. (4) In section 140C of TCGA 1992 (transfer of non-UK trade)— (a) in subsection (1)(c) for “securities” substitute “ shares or debentures ”, and (b) in subsection (9) omit the definition of “securities”. (5) In paragraph 88(1) and (5) of Schedule 29 to FA 2002 (intangible fixed assets: gains and losses: transferred assets: application for clearance) after “85(5),” insert “ 85A(5), 87A(6), ”. (6) In paragraph 127 of that Schedule (acquired assets to be treated as existing assets) after sub-paragraph (1)(b)(ii) insert— , or (iii) section 140E of that Act (transfer on formation of SE by merger), . (7) Subsections (3) and (4) shall have effect in relation to an issue effected on or after 1st April 2005.
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.