Finance Act, 1974
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Amendment of section 76 of Income Tax Act, 1967. |
44.—In relation to annual interest in respect of any period beginning on or after the 10th day of January, 1974, section 76 (1) (c) of the Income Tax Act, 1967 , shall not apply— | |
(a) for the year of assessment 1973-74, to the excess of the interest over £500, or | ||
(b) for the year of assessment 1974-75, or for any subsequent year of assessment, to the excess of the interest over £2,000. |