Finance Act, 1995
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Amendment of section 154 (deduction for income earned outside the State) of Finance Act, 1994. |
170.—(1) Section 154 of the Finance Act, 1994 , is hereby amended in subsection (2) by the substitution of the following for the definition of “the specified amount”: | ||
“‘the specified amount’ means an amount determined by the formula— | |||
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where— | |||
D is the number of qualifying days in the year of assessment concerned, and | |||
E is all the income, profits or gains from an office, employment or pension whether chargeable under Schedule D or Schedule E (including income from offices or employments, the duties of which are performed in the State) of an individual in that year.”. | |||
(2) This section shall be deemed to apply and have effect as on and from the 23rd day of May, 1994. |