Finance Act, 1990
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Amendment of section 101 (income exemption limit) of Finance Act, 1983 . |
124.— Section 101 of the Finance Act, 1983 , is hereby amended by the substitution of the following subsection for subsection (2): | |
“(2) The income exemption limit applying on a valuation date is the amount obtained by multiplying £20,000 by the consumer price index number relevant to that valuation date and dividing the product by the consumer price index number relevant to the valuation date falling on the 5th day of April, 1983: | ||
Provided that the amount so obtained shall be rounded up to the next £100.”. |