Finance Act, 1991

Amendment of section 141 (incapacitated children) of Income Tax Act, 1967.

126.—As respects the year 1991-92 and subsequent years of assessment, section 141 (inserted by the Finance Act, 1986 ) of the Income Tax Act, 1967 , is hereby amended by the substitution, in subsection (4), of “£2,100” for “£720” and the said subsection (4), as so amended, is set out in the Table to this section.


(4) No deduction shall be allowed under this section in respect of any child who is entitled in his own right to an income exceeding £2,100 a year, except that, if the amount of the excess is less than the deduction which apart from this subsection would be allowable, a deduction reduced by that amount shall be allowed:

Provided that in calculating the income of the child for the purposes of the foregoing provision no account shall be taken of any income to which the child is entitled as the holder of a scholarship, bursary, or other similar educational endowment.