Finance Act, 1944

Exemption of children's allowance from income tax and reduction of deductions under section 21 of the Finance Act, 1920.

4.—(1) A children's allowance under the Act of 1944 shall be exempt from income tax (including sur-tax) and shall not be reckoned in computing income for the purposes of the Income Tax Acts.

(2) Where, but for this sub-section, a claimant would be entitled, under section 21 of the Finance Act, 1920 , as amended by any subsequent enactment, to a deduction of sixty pounds in respect of any child living and under the age of sixteen years at the commencement of a year of assessment, the said deduction in respect of any such child in excess of two such children shall be reduced, for the year beginning on the 6th day of April, 1944, to forty-eight pounds and, for the year beginning on the 6th day of April, 1945 or any subsequent year, to forty-three pounds.

(3) Sub-section (2) of this section shall not apply in the case of a claimant who, because he is compelled to reside outside the State by reason of the circumstances of his trade, profession or employment, is not resident in any region on any date (being the qualifying date in relation to any payment period for that region) in the year of assessment to which his claim relates.

(4) In this section—

the expression “the Act of 1944” means the Children's Allowances Act, 1944 (No. 2 of 1944);

the expressions “qualifying date”, “payment period” and “region” have the same meanings as in the Act of 1944.