Finance Act, 1986
FIRST SCHEDULE Amendment of Enactments | ||
Amendments Consequential on Changes in Personal Reliefs | ||
1. The Income Tax Act, 1967 , is hereby amended in accordance with the following provisions: | ||
(a) in section 138— | ||
(i) in paragraph (a), by the substitution of “£4,000” for “£3,800” (inserted by the Finance Act, 1985 ), | ||
(ii) in paragraph (b), by the substitution of “£2,500” for “£2,400” (inserted by the Finance Act, 1985 ) and of “£4,000” for “£3,800” (inserted by the Finance Act, 1985 ), | ||
and | ||
(iii) in paragraph (c), by the substitution of “£2,000” for “£1,900” (inserted by the Finance Act, 1985 ), | ||
(b) in section 138A (2) (inserted by the Finance Act, 1985 ), by the substitution of “£1,500” for “£1,400” and of “£2,000” for “£1,900”, | ||
and | ||
(c) in section 138B (1), by the substitution of “£700” for “£600” (inserted by the Finance Act, 1981 ) in each place where it occurs. | ||
2. Section 8 of the Finance Act, 1974 , is hereby amended, in subsection (1), by the substitution of “£400” for “£200” (inserted by the Finance Act, 1982 ) and of “£200” for “£100” (inserted by the Finance Act, 1982 ). |