(1)In section 257BA of the Taxes Act 1988 (elections as to transfer of relief under section 257A)—
(a)in subsections (1)(a), (2)(a), (3)(a) and (6), for “section 257A(1)” there shall be substituted “ section 257A(5A) ”;
(b)in subsection (2), the words from “(to nil” to the end shall be omitted;
(c)in subsection (9), for “deduction” there shall be substituted “ income tax reduction ”.
(2)Sections 257D to 257F of that Act (transitional relief in connection with married couple’s allowance) shall cease to have effect.
(3)Subsection (1)(a) and (c) above has effect for the year 1999-00 and subsequent years of assessment.
(4)Subsections (1)(b) and (2) above have effect for the year 2000-01 and subsequent years of assessment.
(5)Section 257C of the Taxes Act 1988 (indexation) shall apply in relation to subsection (5A) of section 257A of that Act, but only for the year 2000-01 and subsequent years of assessment.