Finance Bill – in a Public Bill Committee am 2:45 pm ar 13 Mehefin 2013.
Amendments made: 86, in clause 149, page 89, line 33, leave out ‘a substantial donor to a charitable company’ and insert ‘the donor’.
Amendment 87, in clause 149, page 89, line 36, leave out ‘substantial’.
Amendment 88, in clause 149, page 89, line 38, leave out ‘substantial’.
Amendment 89, in clause 149, page 90, line 6, leave out subsection (4).
Amendment 90, in clause 149, page 90, line 9, at end insert—
‘(5A) For the purposes of section 148(3)—
(a) the making of a gift is disregarded if it is made before the day on which this Act is passed, and
(b) an agreement to make a gift is disregarded if the agreement is made before that day.
(5B) Arrangements entered into before the day on which this Act is passed are disregarded for the purposes of section 148(3) unless a material alteration has been made to them on or after that date.
“Material alteration” means an alteration affecting anything in the arrangements that relates to the individual’s having (at any time), or potentially having, permission to occupy the dwelling.
(5C) References in section 148 and this section to a gift include the disposal of an asset for consideration of an amount or value which is less than the market value of the asset.
(5D) In section 148 and this section “arrangements” includes any scheme, arrangement or understanding of any kind, whether or not legally enforceable, involving a single transaction or two or more transactions.’.
Amendment 91, in clause 149, page 90, line 10, leave out subsection (6).—(Mr Gauke.)
