I move amendment No. 99:
In page 121, subsection (1) (b), line 29, to delete "what".
SECTION 125.
This amendment relates to section 125 of the Bill, which contains various supplementary provisions relating to the scheme of stock relief which is available to the trade of farming. Paragraph (b) is a provision to ensure that stock valuations are computed on a uniform basis. It does this by providing that where there is a change in the basis of a valuation of farm stock, the value of the opening stock has to be recomputed on the same basis as the value of the closing stock.
Deputy McCreevy's amendment proposes the deletion of the word "what" from the paragraph. It does not appear that this would make any material difference to the effect of the provision. If this does not impair the effect of the paragraph, I have no objection to accepting Deputy McCreevy's amendment. However, as an alternative, I suggest that instead of deleting the word "what", the word "being" should be inserted. It would, therefore, read as follows: "the value of the trading stock at the beginning of the period shall, for the purposes of this Chapter, be treated as being what it would have been if it had been calculated on that basis."
Amendment amended by leave by the insertion of the word "being" before the word "what".
Amendment, as amended, agreed to.
Section 125, as amended, agreed to.