Finance Act, 1979


Income Tax, Corporation Tax and Capital Gains Tax

Chapter I

Income Tax

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

1.Section 142 of the Income Tax Act, 1967 , is hereby amended, as respects the year 1979-80 and subsequent years of assessment, by the substitution for subsection (1A) (inserted by the Finance Act, 1978 ) of the following subsection :

“(1A) For the purposes of this section ‘specified amount’ means the aggregate of the payments to which a person is entitled in that year of assessment in respect of an old age (contributory) pension at the maximum rate under the Social Welfare Acts, 1952 to 1979, if throughout that year of assessment, he is entitled to such a pension and—

(a) he has no adult dependant or qualified children (within the meaning, in each case, of those Acts),

(b) he is over the age of 80 years (or such other age as may stand specified in those Acts for the time being in lieu of the said age of 80 years), and

(c) he is living alone.”.