Finance Act, 2000
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Chapter 2 Income Tax | ||
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Amendment of section 188 (age exemption and associated marginal relief) of Principal Act. |
2.—Section 188 of the Principal Act is amended, as respects the year of assessment 2000-2001 and subsequent years of assessment, by the substitution of the following for subsection (2): | |
“(2) In this section, ‘the specified amount’ means, subject to section 187(2)— | ||
(a) in the case of an individual referred to in paragraph (a) of the definition of ‘specified amount’ in section 461(1) (inserted by the Finance Act, 1999 ), £15,000, and | ||
(b) in any other case, £7,500.”. |