Finance Act 2008
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Amendment of section 473 (allowance for rent paid by certain tenants) of Principal Act. |
6.— Section 473 of the Principal Act is amended, as respects the year of assessment 2008 and subsequent years of assessment, by substituting in subsection (1) the following definition for the definition of “specified limit” (inserted by the Finance Act 2007 ): | |
“ ‘ specified limit ’, in relation to an individual for a year of assessment, means— | ||
(a) in the case of— | ||
(i) a married person assessed to tax in accordance with section 1017, or | ||
(ii) a widowed person, | ||
€4,000; but, if at any time during the year of assessment the individual was of the age of 55 years or over, ‘specified limit’ means €8,000, and | ||
(b) in any other case, €2,000; but, if at any time during the year of assessment the individual was of the age of 55 years or over, ‘specified limit’ means €4,000;”. |