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Farm assist — improvements in assessment of income.
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18.—(1) Part IV of the Third Schedule to the Principal Act (inserted by section 16 of the Act of 1999) is amended by—
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(a) the substitution in Rule 1 for paragraph (1) of the following paragraph:
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“(1) the gross yearly income which the farmer or his or her spouse may be reasonably expected to receive from farming or any other form of self-employment, less—
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(a) any expenses necessarily incurred in carrying on farming or other form of self-employment, and
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(b) in the case of a farmer who has a qualified child, who normally resides with him or her, an amount of—
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(i) £200 per annum in respect of each of the first two qualified children, and
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(ii) £300 per annum in respect of each subsequent qualified child,
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calculated at the rate of 70 per cent.;”,
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and
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(b) the deletion in Rule 1(3) of subparagraph (i).
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(2) This section comes into operation on such day as the Minister may appoint by order.
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