Finance Act, 1938

Commencement of Part II.

9.—(1) This Part of this Act—

(a) shall, in relation to amounts deemed by virtue of the next following section of this Act to have been paid as income, have effect for the purpose of assessment to income tax and to sur-tax for the year beginning on the 6th day of April, 1937, and every subsequent year and for the purpose of reliefs for that year and every such subsequent year, and

(b) shall, in relation to amounts deemed by virtue of the second following section of this Act to have been paid as income, have effect for the purpose of assessment to income tax and to sur-tax for the year beginning on the 6th day of April, 1938, and every subsequent year and for the purpose of reliefs for that year and every such subsequent year, and

(c) shall apply in relation to the estate of a deceased person whether he died before or after the commencement of the year beginning on the 6th day of April, 1937, or the year beginning on the 6th day of April, 1938, as the case may be.

(2) Section 30 (which relates to cases in which a charity is entitled to a residue) of the Finance Act, 1922 , shall not apply to income for the year beginning on the 6th day of April, 1938, or any subsequent year.

(3) Any relief given to any person before the passing of this Act in respect of any income in respect of which that person is entitled to relief by virtue of this Part of this Act shall be taken as having been given on account of the relief to which he is so entitled.