Amendments — Finance Act (No. 2) 2024

Bill structure

New clauses & schedules8
Clause 1Income tax charge for tax year 2024-25
Clause 2Main rates of income tax for tax year 2024-25
Clause 3Default and savings rates of income tax for tax year 2024-25
Clause 4Freezing starting rate limit for savings for tax year 2024-25
Clause 5Increase in thresholds to £60,000 and £80,000
Clause 6Reduction in higher CGT rate for residential property gains to 24%
Clause 7Abolition of multiple dwellings relief for SDLT
Clause 8First-time buyers’ relief from SDLT: acquisition of new lease on bare trust
Clause 9Exemption from SDLT: registered providers of social housing etc
Clause 10Purchases by public bodies not to be subject to special 15% rate of SDLT
Clause 11Treatment of non-UK agricultural property and woodlands for IHT purposes
Clause 12Charge and main rate for financial year 2025
Clause 13Standard small profits rate and fraction for financial year 2025
Clause 14Additional relief for low-budget films with specified UK connection
Clause 15Section 14: commencement and transition
Clause 16Increase in theatre tax credit
Clause 17Increase in orchestra tax credit
Clause 18Increase in museums and galleries exhibition tax credit and removal of sunset
Clause 19Energy security investment mechanism
Clause 20Collective investment schemes: co-ownership schemes
Clause 21Economic crime (anti-money laundering) levy
Clause 22Transfers of assets abroad
Clause 23Minor VAT amendments
Clause 24Collective money purchase arrangements
Clause 25Interpretation
Clause 26Short title

Proposed amendments

8 amendments across 1 provision

New clauses & schedules 8

New Clause 1#10013762Negatived on divisionNew clause / schedule

Amendment text

To move the following Clause—
“Review of impact of section 2

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee of the whole House
Type: AddClauseOrSchedule
Draft ref: hoc1
Marshalled no.: NC1
Decision: This amendment was debated and rejected, following a vote.

Tabled againstAs introduced

New Clause 1#10014003No decisionNew clause / schedule

Amendment text

To move the following Clause—
“Review of public health, inequality and poverty effects of Act

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee stage
Type: AddClauseOrSchedule
Draft ref: hoc4
Marshalled no.: NC1
Decision: The House has not considered this amendment.

Tabled againstAs introduced

New Clause 2#10013761Negatived on divisionNew clause / schedule

Amendment text

To move the following Clause—
“Review of impact of section 12

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee of the whole House
Type: AddClauseOrSchedule
Draft ref: hoc2
Marshalled no.: NC2
Decision: This amendment was debated and rejected, following a vote.

Tabled againstAs introduced

New Clause 3#10013763Negatived on divisionNew clause / schedule

Amendment text

To move the following Clause—
“Analysis of the impact of the energy security investment mechanism

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee of the whole House
Type: AddClauseOrSchedule
Draft ref: hoc3
Marshalled no.: NC3
Decision: This amendment was debated and rejected, following a vote.

Tabled againstAs introduced

New Clause 4#10014247Negatived on divisionNew clause / schedule

Amendment text

To move the following Clause—
“Review of impact of section 1 on pensioners

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee of the whole House
Type: AddClauseOrSchedule
Draft ref: hoc7
Marshalled no.: NC4
Decision: This amendment was debated and rejected, following a vote.

Tabled againstAs introduced

New Clause 5#10014452Not calledNew clause / schedule

Amendment text

To move the following Clause—
“Impact of income tax and corporation tax provisions on Wales, Scotland and Northern Ireland

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee of the whole House
Type: AddClauseOrSchedule
Draft ref: hoc9
Marshalled no.: NC5
Decision: The amendment was debated as part of a group of amendments, but not put to a vote.

Tabled againstAs introduced

New Clause 6#10014500Not calledNew clause / schedule

Amendment text

To move the following Clause—
“Report on impact of section 2

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee of the whole House
Type: AddClauseOrSchedule
Draft ref: hoc10
Marshalled no.: NC6
Decision: The amendment was debated as part of a group of amendments, but not put to a vote.

Tabled againstAs introduced

New Clause 7#10014499Not calledNew clause / schedule

Amendment text

To move the following Clause—
“Review of impact of section 13 on small and medium enterprises

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Committee of the whole House
Type: AddClauseOrSchedule
Draft ref: hoc11
Marshalled no.: NC7
Decision: The amendment was debated as part of a group of amendments, but not put to a vote.

Tabled againstAs introduced

EnactedFinance Act (No. 2) 2024

New clauses & schedules 8