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Special Committee Corporation Tax Bill, 1975 debate -
Tuesday, 2 Mar 1976

SECTION 123.

Question proposed: " That section 123 stand part of the Bill."

This section empowers the inspector to require information where he has reason to believe that at any time material to a claim for group relief arrangements exist, or have existed, for varying an equity holder's entitlement—section 113 (3)—for switching a company from one group or consortium to another—section 120 (1) or (2)—for a successor company to take over obligations under a leasing contract—section 121 (1) (c)—or for certain payments by or to a company in a partnership (section 122 (1)).

At least he must have reason to believe.

Is the Deputy recalling another section where all that was necessary was uncertainty?

It was rather up in the air.

Or if the company makes a claim for relief.

Question put and agreed to.
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