Finance Act, 1995

Amendment of section 100 (market value exemption limit) of Finance Act, 1983.

153.Section 100 of the Finance Act, 1983 , is hereby amended in subsection (1)—

(a) by the substitution in the definition of “general exemption limit” of “£94,000” for “£75,000” (inserted by the Finance Act, 1994 ) and of “1995” for “1994” (as so inserted), and

(b) by the substitution in the definition of “the new house price index number” of “1991” for “1980” (inserted by the Finance Act, 1992 ).