Schedule 16 - Part 2: minor and consequential amendments

Finance Bill – in a Public Bill Committee at 11:15 am on 19th June 2012.

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Amendment made: 144, in schedule 16, page 388, line 41, leave out paragraph (c) and insert—

‘(c) in step 2, for paragraph (a) (together with the “and” at the end of it) substitute—

“(a) so much of the amount for the purposes of section 73 of FA 2012 of the adjusted BLAGAB management expenses of the company for the period as, on the assumption that the company had no BLAGAB non-trading loan relationships profits for the period, could be subtracted at step 6 under that section without producing a negative amount, and”,’.—(Mr Hoban.)

Schedule 16, as amended, agreed to.

Clause 147 ordered to stand part of the Bill.