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Chapter 2
Income Tax
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Amendment of provisions relating to exemption from income tax.
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2.—As respects the year of assessment 1999-2000 and subsequent years of assessment, Chapter 1 of Part 7 of the Principal Act is hereby amended—
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(a) in section 187, by the substitution, in subsection (1), of the following for paragraph (a):
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“(a) in the case of an individual referred to in paragraph (a) of the definition of ‘specified amount’ in section 461(1) (inserted by the Finance Act, 1999), £8,200, and”,
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and
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(b) in section 188, by the substitution of the following for subsection (2):
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“(2) In this section, ‘the specified amount’ means, subject to section 187 (2)—
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(a) in the case of an individual referred to in paragraph (a) of the definition of ‘specified amount’ in section 461(1) (inserted by the Finance Act, 1999), £13,000, and
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(b) in any other case £6,500.”.
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