Finance Act, 2000
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SCHEDULE 1 Amendments Consequential on the Introduction of Standard Rated Allowances | ||
The Taxes Consolidation Act, 1997 , is amended in accordance with the following provisions of this Schedule. | ||
1. In section 3(1), in the definition of “relative” by the substitution of “relief” for “a deduction”. | ||
2. In section 7(2), by the substitution of “relief” for “a deduction”. | ||
3. In section 188(3), by the substitution of “relief under section 461(2) as an individual referred to in paragraph (a)(i) of the definition of ‘specified amount’ in subsection (1) of that section” for “a deduction specified in section 461(a)”. | ||
4. In section 467(4), by the substitution of “entitled to relief” for “entitled to a deduction”. | ||
5. In section 469— | ||
(a) in subsection (1), in the definition of “dependant” by the substitution— | ||
(i) in paragraph (a), of “relief under section 461(2) as an individual referred to in paragraph (a)(i) of the definition of ‘specified amount’ in subsection (1) of that section” for “a deduction mentioned in section 461(a)”, and | ||
(ii) in paragraph (b), of “relief” for “a deduction”, | ||
and | ||
(b) by the substitution of the following subsection for subsection (4): | ||
“(4) Subsections (5) to (7) of section 465 shall, with any necessary modifications, apply for the purposes of determining whether relief is to be granted under this section as they apply in determining whether relief is to be allowed under that section; but, where the child’s income exceeds the amount specified in subsection (6) of that section, relief under this section shall not be allowed.”. | ||
6. In section 1023, by the insertion— | ||
(a) in subsection (1), of “461A,” before “462”, and | ||
(b) in subsection (2)(a), of “and reliefs” after “total income”. | ||
7. In section 1024(2)(a), by the substitution— | ||
(a) in subparagraph (ii), of “subsection (4)” for “subsection (3)”, | ||
(b) in subparagraph (iii), of “section 465(4)” for “section 465(3)”, and | ||
(c) of the following subparagraph for subparagraph (viii): | ||
“(viii) relief under sections 472, 472A and 472B, to the husband or to the wife according as the emoluments from which relief under those sections is granted are emoluments of the husband or of the wife;”. | ||
8. In section 1025(1), by the substitution of “relief under section 465” for “a deduction under section 465”. |