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Capital Transfer Tax: Conditional Exemption

Volume 82: debated on Wednesday 10 July 1985

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Amendments made: No. 104, in page 196, line 29, leave out 'beneficially entitled' and insert

'entitled (either beneficially or otherwise)'.

No. 105, in page 197, leave out lines 26 to 30 and insert—

'(2) Where there has been a conditionally exempt transfer of any property (or part), tax shall be charged under this section in respect of that property (or part) on the first occurrence after the transfer of an event which under this section is a chargeable event with respect to that property (or part).'

No. 106, in page 198, line 37, after 'event', insert

'with respect to the property (or part) concerned'.

No. 107, in page 199, line 20, leave out

'part only of one of the associated properties'

and insert

'one of the associated properties or part of it'.

No. 108, in line 24, leave out

'part only of one of the associated properties'

and insert

'one of the associated properties or part of it'.

No. 109, in line 29, after 'the', insert 'property or'.

No. 110, in line 31, after 'that', insert 'property or'.

No. 111, in line 37, leave out from 'Act,' to end of line 38 and insert

'at the end there shall be added "or, where the property has been disposed of as mentioned in section 32A(5) above, before any event which apart from section 32A(5) would have been such a chargeable event."'.—[Mr. Peter Rees.]