Finance Act, 1995
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Amendment of section 101 (income exemption limit) of Finance Act, 1983. |
154.—(1) Section 101 of the Finance Act, 1983 , is hereby amended— | |
(a) by the insertion after “qualifying child” in paragraph (b) of the proviso to subsection (1) (inserted by the Finance Act, 1994 ) of “within the meaning of section 102 (4)”, and | ||
(b) by the substitution in subsection (2) of “£29,500” for “£25,000” (inserted by the Finance Act, 1994 ) and of “1995” for “1994” (as so inserted). | ||
(2) Notwithstanding the provisions of section 151 , subsection (1) (a) shall be deemed to have come into operation as respects any valuation date (as defined by section 95 (1) of the Finance Act, 1983 ) in relation to any year commencing with the year 1994. |