Companies Act 2006 (Amendment of Part 17) Regulations 2015

I thank the noble Lord for his explanation. It was a quite complex technical analysis and I will boil it down to the simple question that will exercise most people’s minds. Are we confident that these regulations, as drafted, will not give rise to some evasion or avoidance scheme that will ensure that companies do not pay the stamp duty they are obliged to pay? At the end of the day, I suspect that that will be the acid test, or one of them. I look forward to the Minister’s response on that question but, other than that, we support the proposal.