Finance Act, 1963

Amendment of section 21 of Finance Act, 1920.

11.—(1) Subsection (3) of section 21 of the Finance Act, 1920 , is hereby amended by the substitution of “of two hundred pounds a year or more and, where the child in respect of whom the deduction is to be allowed is entitled in his own right to an income exceeding eighty pounds a year, the deduction, instead of being one hundred and twenty pounds, shall be that amount reduced by the amount of the excess” for “exceeding eighty pounds a year”.

(2) Subsection (1) of this section shall come into operation on the 6th day of April, 1964.