Clause 60
Finance Bill
Public Bill Committees, 24 May 2007, 9:15 am
Amendments made: No. 159, in clause 60, page 41, line 5, leave out ‘19(4)’ and insert ‘19’.
No. 160, in clause 60, page 41, line 6, after ‘fees)’ insert ‘—
(a) in sub-paragraph (4),’.
No. 161, in clause 60, page 41, line 9, leave out from ‘company’ to end of line 10 and insert
‘throughout a period during which it created the whole or greater part (in terms of value) of the intangible asset.”, and
(b) after sub-paragraph (7) insert—
“(8) If—
(a) the relevant company acquired all the shares (“old shares”) in another company (“the old company”) at a time when the only shares issued in the relevant company were subscriber shares, and
(b) the consideration for the old shares consisted wholly of the issue of shares in the relevant company,
references in sub-paragraph (4) to the relevant company include the old company.”’.
No. 162, in clause 60, page 41, line 11, leave out ‘amendment made by subsection (1) has’ and insert
‘amendments made by subsection (1) have’.
No. 163, in clause 60, page 41, line 13, leave out ‘It also has’ and insert ‘They also have’.
No. 164, in clause 60, page 41, line 30, leave out ‘amendment’ and insert ‘amendments’.—[John Healey.]