HC Deb 25 March 1968 vol 761 cc1070-1

Motion made, and Question, That charges to capital gains tax, corporation tax and income tax may be imposed by provisions about—

  1. (a) assets held on 6th April 1965,
    2. 1071
  2. (b) wasting assets,
  3. (c) the Government securities listed in Schedule 9 to the Finance Act 1965 (securities issued at a discount),
  4. (d) the disposal of debts,
  5. (e) death as an occasion of charge to capital gains tax,
  6. (f) the transfer of any business or part of a business,
  7. (g) companies which are or have been members of a group of companies,
  8. (h) companies and other persons resident outside the United Kingdom, and about persons who are in any way connected with persons so resident,
  9. (i) the adjustments to be made in taxing chargeable gains to take account of the law about income tax on short-term gains,
  10. (j) any feature of the law about income tax on short-term gains,
and that those provisions may take effect so as to impose charges to tax for years of assessment from 1967–68 onwards, and for any accounting period ending on or after 19th March 1968, and, in the case of such of those provisions as are connected with companies which are or have been members of a group, charges to tax for earlier years of assessment or accounting periods.—[Mr. Roy Jenkins.]

put forthwith pursuant to Standing Order No. 90(2) (Ways and Means motions), and agreed to.