Finance Act, 1974
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Chapter V Income Tax and Corporation Profits Tax | ||
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Proprietary directors and proprietary employees as members of approved retirement benefit schemes. |
64.—(1) Section 15 (2) (f) of the Finance Act, 1972 , and the proviso to paragraph 4 of Schedule 3 to the Income Tax Act, 1967 , shall cease to have effect. | |
(2) Part III of the First Schedule to the Finance Act, 1972 , is hereby amended by the substitution for paragraph 4 of the following paragraph: | ||
“4. The repeal of Chapter II of Part XII of the Income Tax Act, 1967 , by the Finance Act, 1972 , shall not affect section 235 (7) or section 316 (2) of the Income Tax Act, 1967 , section 3 (1) (b) (ii) of the Finance Act, 1968 , or any other enactment which contains reference to the said Chapter or to any part of it.”. |