HC Deb 13 July 1988 vol 137 cc494-5

Amendment proposed: No. 23 in page 140, line 11, leave out 'he' and insert—

  1. '(a) that person; or
  2. (b) in the event of his death, any other person who occupies them by virtue of any disposition (whether effected by will, under the law relating to intestacy or otherwise) of property comprised in his estate immediately before his death'.—[Mr. Norman Lamont.]

Mr. Deputy Speaker

With this it will be convenient to take Government amendment No. 24.

Dr. Marek

Will the Government forgo any revenue as a result of amendment No. 23 and have they had any representations about it?

Mr. Norman Lamont

The cost is negligible and yes, we had representations.

Amendment agreed to.

Amendments made: No. 24, in page 140, line 12, at end insert `and the reference in this subparagraph to a disposition includes a reference to a disposition as varied under section 142 of the Inheritance Act 1984'.

No. 25, in page 142, line 13, at end insert— '(1A) In section 67(1) of the Taxes Act 1970 (Schedule A), in paragraph 3 of Schedule A (exceptions), after paragraph (a) there shall be inserted— (aa) to any profits or gains arising from a person's occupation of any woodlands which are managed on a commercial basis and with a view to the realisation of profits, or".'.

No. 26, in page 142, line 33, at end insert— '(4A) In section 15(1) of the Taxes Act 1988 (Schedule A), in paragraph 3 of Schedule A (exceptions), after paragraph (a) there shall be inserted— (aa) to any profits or gains arising from a person's occupation of any woodlands which are managed on a commercial basis and with a view to the realisation of profits, or".'.

No. 74, in page 142, line 46, leave out `(2), (4)' and insert— '(1A), (2), (4), (4A)'.—[Mr. Norman Lamont.]

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