Finance Act, 1922
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Relief from income tax in respect of national savings certificates, and Ulster savings certificates. 10 & 11 Geo. 5. c. 12. |
28. —(1) Subsection (1) of section forty-seven of the belief from Income Tax Act, 1918, which, as amended by section seven of the Savings Banks Act, 1920 , grants relief from income tax in respect of any national savings certificates savings issued by the Treasury through the Post Office under which the purchaser, by virtue of an immediate payment of fifteen shillings and sixpence becomes entitled after certificates, five years to receive the sum of one pound, shall apply to any such certificates so issued whether the price of issue of the certificates is fifteen shillings and sixpence or any other sum and whether the certificates mature for payment on the expiration of five years or any other period. | |
(2) All enactments giving relief from income tax in respect of the accumulated interest payable in respect of national savings certificates shall extend to the accumulated interest payable in respect of any Ulster savings certificates issued by the Government of Northern Ireland and held by persons resident and domiciled in Northern Ireland, whether issued for the same price and whether maturing for payment on the expiration of the same period as national savings certificates or not. |