Finance Act, 1969

Amendment of section 12 of Finance Act, 1967.

7.Section 12 (2) of the Finance Act, 1967 , is hereby amended—

(a) by the substitution in paragraph (b) (i) of “£500” for “£300”,

(b) by the substitution in paragraph (b) (ii) of “£500-£450” for “£300-£250”, and

(c) by the addition of the following new paragraph—

“(c) Where an individual, having made a claim in that behalf and having made a return in the prescribed form of his total income, proves that in the year of assessment he defrayed health expenses which were incurred for the provision of health care for qualified persons and which amount in the aggregate to more than £100, but excluding from the computation of that aggregate any such expenses in excess of £500 for any one qualified person, he shall be entitled, for the purpose of ascertaining the amount of the income on which he is to be charged to income tax, to have a deduction of the amount by which the aggregate of the health expenses so computed exceeds £100 made from his assessable income and such deduction shall be in substitution for and not in addition to a deduction under paragraph (a).”.