§
Resolution reported,
That charges to income tax under Case VII of Schedule D and to tax in respect of chargeable gains, including charges in respect of past acquisitions or disposals of assets, may be imposed by provisions relating to the apportionment of the cost of acquisition of any asset, including any new holding of shares or securities resulting from a reorganisation or reduction of a company's share capital or a conversion or exchange of securities.
§ Resolution read a Second time.
§ Question, That this House doth agree with the Committee in the said Resolution, put forthwith, pursuant to Standing Order No. 90 (Ways and Means Motions and Resolutions), and agreed to.
§ Instruction to the Committee on the Finance Bill that they have power to make provision therein pursuant to the said Resolution.