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

SECTION 173.

Mr. R. Ryan

I move amendment No. 40:

In page 153, to delete subsection (7).

It presupposes that section 20 of the Bill—company reconstruction without change of ownership—comes into effect before 6th April, 1976, but subsection (1) of section 20 makes it clear that the section can operate only on or after 6th April, 1976.

Amendment put and agreed to.

Question proposed: " That section 173, as amended, stand part of the Bill."

Mr. R. Ryan

This is a transitional section and regulates the date as and from which the income from a particular source passes out of income tax and into corporation tax.

Question put and agreed to.