HC Deb 13 July 1982 vol 27 c943
Mr. Ridley

I beg to move amendment No. 100, in page 73, line 17, leave out from 'when' to end of line 18 and insert 'that expenditure became due and payable'.

Mr. Deputy Speaker

With this we shall take amendment No. 101, in page 73, line 17, leave out from 'was' to the end of line 18 and insert 'due and payable'.

Mr. Ridley

Government amendment No. 100 meets the points that my hon. Friend the Member for Croydon, South (Sir W. Clark) makes in amendment No. 101.

I undertook in Committee to table the amendment. It provides that when enhancement is made to an asset the value of that enhancement for the purposes of indexation will have the benefit of indexation relief from the time it became due and payable rather than when it was first reflected in the state or nature of the assets. I hope that it will be a welcome concession.

Amendment agreed to.

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