TNAG-1858-FCO40-2633-Legislative-Council-of-Hong-Kong-memoranda-and-minutes-of-me-1989 — Page 185

Clause 23

HONG KONG LEGISLATIVE COUNCIL

香港立法局

19 July 1989

一九八九年七月十九日

72

That clause 23 be amended, in proposed new section 64(9) by deleting "10(3)"

and substituting "10(3)(a)".

Question on the amendment proposed, put and agreed to.

Question on clauses 3, 6, 8, 9, 14, 18, 20, 21 and 23, as amended, proposed, put and agreed to.

New clause 8A

Treatment of losses after 1 April 1975

Clause read the First time and ordered to be set down for Second Reading pursuant to Standing Order 46(6).

FINANCIAL SECRETARY: Sir, I move that new clause 8A as set out in the paper circulated to Members be read the Second time.

The clause aims to ensure that the loss provisions in the profits tax legislation will apply to married woman on the same basis as they apply to all other taxpayers.

Sir, I beg to move.

Question proposed, put and agreed to.

Clause read the Second time.

FINANCIAL SECRETARY: Sir, I move that new clause 8A be added to the

Bill.

Proposed addition

New clause 8A

That the Bill be amended, by adding after clause 8

"Treatment of losses after 1 April 1975

8A.

Section 19C is amended -

2