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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
Partnership shares
7(1)Paragraph 46 (maximum amount of partnership share money deductions) is amended as follows.
(2)In sub-paragraph (1), for the words after “must not exceed” substitute “£1,500 in any tax year.”.
(3)In sub-paragraph (2), for the words after “an employee’s salary” substitute “for any tax year must not exceed 10% of the employee’s salary for the tax year.”.
(4)After that sub-paragraph insert—
“(4A)A limit lower than that specified in sub-paragraph (2) may be framed—
(a)as a proposition substituting a percentage lower than that so specified, or
(b)as a proposition that a particular description of earnings is not to be regarded as forming part of an employee’s salary for the purposes of that sub-paragraph.”.
(5)Sub-paragraphs (2) and (3) have effect for the year 2003-04 and subsequent years of assessment.
Yn ôl i’r brig