Schedule 11. — (Amendments of Corporation Tax Acts.)

Part of Orders of the Day — FINANCE (No. 2) BILL – in the House of Commons at 12:00 am on 7 June 1967.

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Photo of Mr Jack Diamond Mr Jack Diamond , Gloucester 12:00, 7 June 1967

The hon. Member said that he wants an answer to his specific question and is returning to the matter later. I can help best by giving a specific answer to the question of which he was kind enough to give me notice. The answer is, yes. The answer is that an open company or an approved superannuation fund can be a principal member so that its holding is taken into account for the purposes of sub-paragraph (6). From that follows the answer to all the other questions which the hon. Member has asked me.