HL Deb 30 January 1967 vol 279 cc797-8

[No. 12]

Leave out Schedules 4 to 13. The Commons disagreed to this Amendment, but amended the words so restored to the Bill as follows:—

[No. 13] Schedule 4, page 113, line 34, leave out ("2Ist") and insert ("29th").

[Nos. 14–22]

Schedule 5, page 118, line 13, at end insert— ("( )Regulations made for the purposes of this Schedule may provide that, in such circumstances as may be specified in the regulations and subject to such exceptions and modifications as may be so specified, the preceding provisions of this paragraph shall have effect in relation to a previous chargeable act or event which fell within Case F and consisted of—

  1. (a) such a disposition as is mentioned in subsection (3) of section 35 of this Act, or
  2. (b) the accrual of such a right to compensation as is mentioned in subsection (5) of that section,
as those provisions have effect in relation to a chargeable act or event to which this paragraph applies.")

Schedule 6, page 127, line 33, after first ("of") insert ("paragraph 7 or paragraph 8 or")

page 128, line 26, leave out ("authorises the carrying out of") and insert ("relates to the land comprised in")

page 128, line 45, leave out ("authorised the carrying out of") and insert ("related to the land comprised in")

Schedule 6, page 134, line 33, at end insert—

Allowance for costs of valuation or apportionment

(".—(1) For the purpose of assessing levy in respect of a chargeable act or event—

  1. (a) if it falls within Case A or Case C, the market value of the relevant interest (ascertained apart from this paragraph), or,
  2. (b) if it consists of a disposition falling within Case B, Case E or Case F, the amount of the consideration for the disposition (ascertained apart from this paragraph), or
  3. (c) if it consists of the accrual of a right to compensation falling within Case D or Case F, the amount of the compensation (ascertained apart from this paragraph),
shall be reduced by the amount of any costs to which this paragraph applies.

(2) In relation to a chargeable act or event, this paragraph applies to any costs which are reasonably incurred by an appropriate person in connection with that act or event and are costs so incurred in making any valuation or apportionment required for the purposes of the computation under the relevant Schedules.

(3) In this paragraph 'appropriate person', in relation to a chargeable act or event, means a person who, if—

  1. (a) a notice of assessment of levy has been or were to be served in respect of it, and
  2. (b) that notice resulted in an operative assessment of levy, would be liable to pay levy in respect of that chargeable act or event.")

Schedule 11, page 172, line 24, at end insert

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