§ Sir Graham PageI beg to move amendment No. 213, in page 34, line 38, after 'him', insert 1293
'on or after 10th March 1981'.
§ Sir Graham PageMy amendment is covered by Government amendment No. 76, and therefore I do not wish to speak to it.
§ Mr. Peter ReesMy right hon. Friend the Member for Crosby (Sir G . Page) has been good enough to indicate that his point is amply covered by amendment No. 76. Indeed, amendment No. 76 goes a little further because it makes the provision operative from 6 April 1981, while my right hon. Friend's amendment would have made it operative from Budget day. This is to the taxpayer's advantage.
§ Amendment negatived.
§ Mr. Peter ReesI beg to move amendment No. 75, in page 34, line 39, leave out from 'it' to end of line 43.
The amendment is designed to remove two possible sources of misunderstanding from the new rules proposed in clause 45(3) relating to the receipt of capital sums. I hope that the House will approve it.
§ Amendment agreed to.
§
Amendment made: No. 76, in page 35, line 3, at end insert—
'(3A) Subsection (2A) of the said section 478 as inserted by subsection (3) above shall not apply to any direction or assignment given or made before 6 April 1981.'—[Mr. Peter Rees.]