Mr Graham Page: 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...
Mr Graham Page: 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...
Mr Graham Page: 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'.
Mr Graham Page: Amendment No. 71 is an amendment to clause 43, which makes an addition to section 451 to the Taxes Act, which will be known as section 451A. The effect of subsection (1) of the new section is that if the trustees of a settlement make a payment to a company connected with the settlement, and that company then pays the settlor, that payment is treated as a payment by the trustees direct to the...
Mr Graham Page: I am grateful to my hon. and learned Friend for going into these matters so carefully. I should like to leave these amendments as markers in looking at the developments of the amendments to section 451 which the Bill contains. I beg to ask leave to withdraw the amendment.
Mr Graham Page: I beg to move amendment No. 221, in page 33, line 2, after 'year', insert 'nor by virtue of section 76 of this Act been treated as his chargeable gains'.
Mr Graham Page: The position is that under the clause an individual who is ordinarily resident in the United Kingdom and who has no liability to tax under section 478 of the Taxes Act 1970, and who receives a capital benefit from a non-resident or non-domiciled person after 10 March 1981, will be assessed to schedule D, Case VI income tax on the amount or value of such benefit by reference to the relevant...
Mr Graham Page: I am grateful to my hon. and learned Friend for dealing with the amendments in that way. I am, of course, happy with the Government amendments, which cover a considerable number of the points that I raised. I am a little disappointed about amendment No. 223, with regard to expenses. Nevertheless, I shall not seek to press any of my amendments. I beg to ask leave to withdraw the amendment.
Mr Graham Page: I beg to move amendment No. 213, in page 34, line 38, after 'him', insert 'on or after 10th March 1981'.
Mr Graham Page: My amendment is covered by Government amendment No. 76, and therefore I do not wish to speak to it.
Mr Graham Page: I beg to move amendment No. 179, in page 107, line 13, after 'person', insert 'a dependent relative or an adult member of his family as defined by section 15(3) of the Development Land Tax Act 1976'. This is an amendment to the clause dealing with the development land tax. In the Development Land Tax Act 1976 there were transitional provisions which gave exemption from the tax to the owner...
Mr Graham Page: I rise only to say that I am very much obliged to my right hon. Friend.
Mr Graham Page: I call attention to the fact that no Labour Member is present. The gallant and brave hon. Member for Farnworth (Mr. Roper) has turned up to speak for his smaller party and we appreciate his support. The rest of the Opposition Benches are empty. You, Mr. Deputy Speaker, said that the orders covered narrow matters, but they are a substantial step in the development of Merseyside, which has 42...
Mr Graham Page: Has my hon. Friend noticed that there is not a soul on the Opposition Benches? It seems that no one Opposition Member is interested enough to attend a debate on an important development matter for an area in which there is a great shortage of employment. The Government propose to provide work through which employment may be generated.
Mr Graham Page: We are in considerable difficulty in dealing with the amendments. To start with, we are dealing with a schedule to the Bill that makes substantial alterations in the practice and procedure of the county court. We then have to look at an order that is in draft form before the House to understand that, at the same time as we are dealing with the Bill, the county court jurisdiction is to be...
Mr Graham Page: The background to the clause lies in the production of medical reports to overcome the difficulty that the courts and litigants or prospective litigants have had in the past of the doctors and hospitals refusing to produce the medical notes—rightly so—unless subpoenaed and put in the box so that they can be produced. It became a part of the law that an application could be made for a...
Mr Graham Page: I can assure the hon. Gentleman that I have searched the register for clients but not when they have been entering business. My purpose when doing so has been to ascertain who to sue. I have had to do so on at least a dozen occasions in my practice.
Mr Graham Page: I do not know when that incident of the similar name occurred, but from information which I have been given I understand that the Registrar of Companies has already embarked on applying the Bill. He is no longer checking whether the application for the name of a company is similar to that already registered. Perhaps my hon. and learned Friend's case is recent and comes under the present...
Mr Graham Page: I apologise for being absent for part of the debate because of parliamentary duties on a Select Committee. I was here in time to hear the hon. Member for Swansea, East (Mr. Anderson) say that the Bill would be useful to accountants and solicitors who would be able to collect money for advice. Neither accountants nor solicitors, of which I am one, welcome complicated legislation because it...
Mr Graham Page: I appreciate that point. A lot now depends on what we mean by small companies. For example, the small company described in the Bill is much larger than what I have always understood to be a small company. That is why I said that we had not gone far enough in the reform of company law in categorising the class of companies. I still believe that we must think in terms of a very small company, a...
