Mr Graham Page, former MP, Crosby

Orders of the Day — Schedule 9: Stock Relief 15 Jul 1981

The amendments meet the point which I raised. Amendment agreed to. Amendments made: No. 57, in page 162, line 27, leave out sub-paragraph (2) and insert— '(2) Each of the separate parts of the period shall (so far as length of the period permits) consist of twelve months, any remaining months being used to form the last part.'. No. 58, in page 162, line 30, leave out 'other than paragraph...
Orders of the Day — Clause 41: Sums Paid to Settlor Otherwise than as Income 15 Jul 1981

I beg to move amendment No. 59, in page 28, line 13, at end insert— '(c) in paragraph (b) for the words "the next following year" there shall be inserted the words "the next following eleven years.". Clause 41 amends section 451 of the Taxes Act, or is a rewrite of that magician's provision which converts capital payments into income in certain cases, provided that there is some income in...
Orders of the Day — Clause 42: Sums Paid to Settlor Otherwise than as Income: Connected Companies 15 Jul 1981

I beg to move amendment No. 71, in page 31, line 9, leave out from beginning to 'corporate' in line 10 and insert 'that body corporate has control of, or is controlled by, another body corporate or both are under the control of the same per son or persons within the meaning of section 534 below'.

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Mr Graham Page