Finance Act, 1976

Amendment of section 142 (dependent relatives) of Income Tax Act, 1967.

2.— Section 142 (1) (as amended by the Finance Act, 1975 ) of the Income Tax Act, 1967 , shall have effect—

(a) for the year 1975-76, as if—

(i) for “£592”, in both places where it occurs, there were substituted “£605”, and

(ii) for “£497” there were substituted “£510”,

and

(b) for the year 1976-77 and each subsequent year of assessment, as if—

(i) for “£592”, in both places where it occurs, there were substituted “£670”, and

(ii) for “£497” there were substituted “£575”.