Finance Act, 1980
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Amendment of section 7 (relief for certain expenditure on residential premises) of Finance Act, 1979. |
15.—Section 7 of, and the Second Schedule to, the Finance Act, 1979 , shall have effect, for the purpose of ascertaining the amount of income on which a person is to be charged to income tax for the year 1980-81, as if— | |
(a) “1980-81” were substituted for “1979-80” in subsection (1) and the following proviso were added to the said subsection, | ||
“Provided also that in a case where the claimant is a husband who is assessed to tax in accordance with the provisions of section 194 of the Income Tax Act, 1967 , this subsection shall have effect as if ‘£900’ were substituted for ‘£450’ ”, and | ||
(b) (i) “the period commencing on the 6th day of April, 1980, and ending on the 5th day of April, 1981” were substituted for “the period commencing on the 6th day of April, 1979, and ending on the 5th day of April, 1980” in the definition of “qualifying period” in paragraph 1 of that Schedule, and | ||
(ii) “1980-81” were substituted for “1979-80” in paragraph 4 (1) of that Schedule. |