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Finance Act, 1988

FIRST SCHEDULE

Amendment of Enactments

Section 3 .

Amendments Consequential on Changes in Personal Reliefs

1. The Income Tax Act, 1967 , is hereby amended in accordance with the following provisions:

(a) in section 138—

(i) in paragraph (a), by the substitution of “£4,100” for “£4,000” (inserted by the Finance Act, 1986 ),

(ii) in paragraph (b)—

(I) by the substitution in subparagraph (i) of “£2,550” for “£2,500” (inserted by the Finance Act, 1986 ), and

(II) by the substitution of the following subparagraph for subparagraph (ii):

“(ii) is a widowed person, other than a person to whom paragraph (a) applies, whose spouse has died in that year of assessment, a deduction of £4,100, and”,

and

(iii) in paragraph (c), by the substitution of “£2,050” for “£2,000” (inserted by the Finance Act, 1986 ),

(b) in section 138A(2) (inserted by the Finance Act, 1985 ), by the substitution of “£1,550” for “£1,500” (inserted by the Finance Act, 1986 ) and of “£2,050” for “£2,000” (inserted by the Finance Act, 1986 ), and

(c) in section 138B(1), by the substitution of “£800” for “£700” (inserted by the Finance Act, 1986 ) in each place where it occurs.