Finance Bill

With this it will be convenient to discuss the following amendments: No. 90, in schedule 3, page 127, leave out lines 12 to 16. No. 91, page 127, leave out lines 23 to 25. No. 93, page 128, line 1, at beginning insert ‘In respect of qualifying business disposals within section 169H(2)(a) and (b),’. No. 92, page 130, leave out lines 31 to 36 and insert— ‘(a) that during the period of ownership of the individual or from 6 April 2008 if later— (i) the assets which (or interests in which) are disposed of have not been in use for the purposes of the business throughout that entire period, and (ii) only part of the assets which (or interest in which) are disposed of are in use for the purposes of the business,’. No. 88, page 133, line 21, at end insert— ‘4A For paragraph 15 of Schedule 7D (taper relief on disposal of qualifying shares) substitute— ““15 For the purposes of claiming entrepreneurs’ relief on a disposal of qualifying shares, in applying sections 169I and 169S(3) the shares are treated as if they had been acquired when the original option was granted.””’. Government amendment No. 29.