Finance Act, 1972

Relief for certain payments.

25.—(1) Section 223 of the Income Tax Act, 1967 , is hereby amended, with effect from the 6th day of April, 1968, by the substitution in subsection (1) of “, on their death, to their legal personal representatives, widows, children or dependants” for “to their legal representatives on their death.”

(2) Where, on or after the 6th day of April, 1968, a contribution which is not an ordinary annual contribution was or is paid under any scheme with respect to which section 223 of the Income Tax Act, 1967 , as amended by subsection (1), has effect, relief may be given in respect of the payment in accordance with the provisions of section 17 (2).

(3) Where, on or after the 6th day of April, 1968, a contribution which is not an ordinary annual contribution was or is paid to a fund or scheme approved under section 222 or 229 of the Income Tax Act, 1967 , relief may be given in respect of the payment in accordance with the provisions of section 16 (5).