Finance Act, 1980

Amendment of provisions relating to charge of income tax under Schedules.

55.—The following section shall be substituted for section 4 of the Income Tax Act, 1967 :

“4.—Where any Act enacts that income tax shall be charged for any year at any rate or rates, tax at that rate or at those rates, as may be appropriate, shall, subject to the provisions of this Act and the Corporation Tax Act, 1976 , be charged for that year in respect of all property, profits or gains respectively described or comprised in the Schedules contained in the sections enumerated below, that is to say—

Schedule C — Section 47;

Schedule D — Section 52;

Schedule E — Section 109; and

Schedule F — Section 83 of the Corporation Tax Act, 1976 ,

and in accordance with the provisions of this Act and of the Corporation Tax Act, 1976 , respectively applicable to those Schedules.”.