HC Deb 14 July 1981 vol 8 c1106

'(1) In Section 46 (7) of the Finance Act 1980 (amending section 58 (1) and (2) of the Finance Act 1978) after the figure "£1,000", there shall be inserted the words "or, in the case of shares appropriated under a profit sharing scheme established by a 'job ownership company' as defined in Schedule (Definition of Job Ownership Company) to this Act, £3,000."

(2) In section 46 (9) of the Finance Act, 1980 (amending paragraph 1 (4) of schedule 9 of the Finance Act 1978) after the figure "1,000" there shall be inserted the words "or in the case of shares appropriated under a profit sharing established by a 'job ownership company' as defined in Schedule (Definition of Job Ownership Company)to this Act, £3,000.".'. — [Mr. Grimond.]

Brought up, and read the First time.

Mr. Grimond

I beg to move, That the clause be read a Second time.

Mr. Deputy Speaker (Mr. Bryant Godman Irvine)

With this it will be convenient to discuss the following amendments: No. 26, in clause 25, page 14, line 17, after '1976', insert 'or a "job ownership company" as defined in Schedule (Definition of Job Ownership Company) to this Act'. No. 194—new schedule—