HC Deb 13 July 1982 vol 27 cc944-5

Amendments made: No. 109, in page 85, leave out line 9.

No. 110, in page 85, line 10, at end insert— '(cc) property to which paragraph 2 of Schedule (Capital transfer tax: maintenance funds) to this Act applies;'.—[Mr. Wakeham.]

The Solicitor-General (Sir Ian Percival)

I beg to move amendment No. 111, in page 85, line 29, at end insert— '(2) The reference in subsection (1)(d) above to property which is part of or held for the purposes of a fund or scheme does not include a reference to a benefit which, having become payable under the fund or scheme, becomes comprised in a settlement.'.

Mr. Deputy Speaker

With this it will be convenient to take Government amendments No. 125 and No. 155.

The Solicitor-General

These are consequential amendments designed to ensure that the existing reliefs from capital transfer tax for superannuation schemes will apply unchanged under the new regime for discretionary trusts.

Amendment agreed to.

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