Clause 49 - Shares acquired on same day: election for alternative treatment
Finance Bill
5:15 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
I accept that the primary intention of the clause is as described--to deal with situations when people are forced to sell shares because of the high taxation on group share option schemes. As I said earlier, the issue was raised by the IOD; it needed an
airing, but it is not fundamental to the main problem that the clauses seeks to deal with. I beg to ask leave to withdraw the amendment.
Amendment, by leave, withdrawn.
Clause 49, as amended, ordered to stand part of the Bill.