Finance Act, 1966
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Amendment of section 21 of Finance Act, 1920. |
2.— Section 21 of the Finance Act, 1920 , is hereby amended— | |
(a) by the insertion in subsection (1) of “and such deduction, in the case of a child shown by the claimant to have been over the age of eleven years at the commencement of the year of assessment, shall be of the amount of one hundred and fifty pounds and, in any other case, shall be of the amount” before “of one hundred and twenty pounds”, and | ||
(b) by the substitution in subsection (3) of “exceeding eighty pounds a year, except that if the amount of the excess is less than the deduction which apart from this subsection would be allowable, a deduction reduced by that amount shall be allowed” for the words from “of two hundred pounds” to “the amount of the excess”. |