Finance Act, 1979

Chapter VII


Repeal of section 144 (exemption where total income does not exceed £240, and marginal relief) of Income Tax Act, 1967.

32.—(1) Section 144 of the Income Tax Act, 1967 , is hereby repealed.

(2) In order to remove doubts, it is hereby declared and enacted that, as respects any relevant year of assessment, section 144 of the Income Tax Act, 1967 , shall not apply to, and shall be deemed never to have applied to, an individual whose total income for that year of assessment exceeded £15,000.

(3) In this section “any relevant year of assessment” means any of the years 1974-75, 1975-76 and 1976-77.