Clause 6— Rate etc
I beg to move amendment No. 8, page 3, line 20, leave out from '(1)' to end of line 21 and add
'will have effect from a day which the Treasury may by order appoint.
(4) No order may be made under subsection (3) until—
(a) the Treasury has compiled and laid before the House of Commons a report containing an assessment of the impact of changes to the rate of capital gains tax on—
(i) businesses seeking investment,
(ii) investors who normally pay tax via capital gains tax, and
(iii) the availability and cost of houses to buy and rent; and
(b) the report has been approved by a resolution of the House of Commons.'.