Finance Act, 1954
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Increase of personal allowance. |
2.—(1) Subsection (1) of section 18 of the Finance Act, 1920 , as amended by section 2 of the Finance Act, 1947 (No. 15 of 1947), and by section 2 of the Finance Act, 1951 (No. 15 of 1951), shall be construed and have effect as if— | |
(a) “three hundred pounds” were substituted therein for “two hundred and eighty pounds”, and | ||
(b) “one hundred and fifty pounds” were substituted therein for “one hundred and forty pounds”. | ||
(2) Where, but for this subsection, the claimant would be entitled to a deduction of one hundred and fifty pounds under subsection (1) of section 18 of the Finance Act, 1920 , as amended by subsection (1) of this section, then, if the claimant proves that in the year of assessment he or she is a widower or a widow, the claimant shall be entitled to a deduction of one hundred and seventy-five pounds in lieu of the said deduction of one hundred and fifty pounds. |