Finance Act, 1955

Increase of deductions in respect of children and of limit of income of child.

2.—(1) Subsection (1) of section 21 of the Finance Act, 1920 , as amended by subsequent enactments, is hereby further amended by the substitution of “a deduction of one hundred pounds” for “a deduction of eighty-five pounds” (inserted by section 4 of the Finance Act, 1954 (No. 22 of 1954)).

(2) Subsection (3) of section 21 of the Finance Act, 1920 , is hereby amended by the substitution of “sixty pounds a year” for “forty pounds a year”.