1. HomeBaile
  2. ActsAchtanna
  3. 1997
  4. Finance Act, 1997

Finance Act, 1997

FIRST SCHEDULE

Amendments Consequential on Changes in Personal Reliefs

Section 3 .

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

(a) in section 138 (inserted by the Finance Act, 1980 )—

(i) in paragraph (a) (inserted by the Finance Act, 1996 ), by the substitution of “£5,800” for “£5,300”,

(ii) in paragraph (b)(as amended by the Finance Act, 1988 ), by the substitution of “£3,400” and “£5,800”, respectively, for “£3,150” and “£5,300” (inserted by the Finance Act, 1996 ), and

(iii) in paragraph (c), by the substitution of “£2,900” for “£2,650” (inserted by the Finance Act, 1996 ),

and

(b) in subsection (2) of section 138A (inserted by the Finance Act, 1985 ), by the substitution of “£2,400” and “£2,900”, respectively, for “£2,150” and “£2,650” (inserted by the Finance Act, 1996 ).

2. Section 8 of the Finance Act, 1974 , is hereby amended, in subsection (1), by the substitution of “£800” for “£400” (inserted by the Finance Act, 1986 ) and of “£400” for “£200” (inserted by the Finance Act, 1986 ).