Finance Act 1974

Section 52.

SCHEDULE 12 Substitution of Local Authority as defined in Section 52

1 In section 15(2) of the [1894 c. 30.] Finance Act 1894 for the words between " university " and " and no " there shall be substituted the words " or local authority (as defined in section 52 of the Finance Act 1974) ".

2 In section 40(2) of the [1930 c. 28.] Finance Act 1930 for the words " county council or municipal corporation" there shall be substituted the words " local authority (as defined in section 52 of the Finance Act 1974) ".

3 In section 40(1)(b) of the [1931 c. 28.] Finance Act 1931 after the words " local authority " there shall be inserted the words " (as defined in section 52 of the Finance Act 1974) ".

4 In section 33(5)(e) of the [1951 c. 43.] Finance Act 1951 for the words from " means " to the end there shall be substituted the words " has the meaning assigned to it by section 52 of the Finance Act 1974 ".

5 In section 8(3)(b) of the [1951 c. 17 (N.I.).] Finance Act (Northern Ireland) 1951 the following sub-paragraph shall be substituted for sub-paragraph (i) —

“(i) a local authority as defined in section 52 of the Finance Act 1974”.

6 In section 74 of the [1952 c. 33.] Finance Act 1952—

(a) in subsection (1)(b) and in subsection (3) for the words " from any local authority or from another such board or committee " there shall be substituted the words " from another local authority "; and

(b) in subsection (4) for the words from " references " to the end there shall be subsituted the words "' local authority' has the meaning assigned to it by section 52 of the Finance Act 1974 ".

7 In section 29 of the [1967 c. 54.] Finance Act 1967 for the words " section 66(2) of the Finance Act 1965 " (which now refer to section 353 of the Taxes Act) there shall be substituted the words " section 52 of the Finance Act 1974 ".

8 In section 6(3) of the [1967 c. 20 (N.I.).] Finance Act (Northern Ireland) 1967 for the words following "' local authority'" there shall be substituted the words " has the meaning assigned to it by section 52 of the Finance Act 1974 ".

9 In section 353 of the Taxes Act subsections (2) and (3) shall be omitted.

10 In section 526(5) of the Taxes Act, in the definition of " local authority ", after the words " given by " there shall be inserted the words " section 52 of the Finance Act 1974 and ".

11 In section 31 of the [1971 c. 68.] Finance Act 1971 subsection (2) shall be omitted.

12 In Schedule 25 to the [1972 c. 41.] Finance Act 1972 and in Schedule 1 to the [S.I. 1972/1100.] Finance (Northern Ireland) Order 1972 after the words " local authority " there shall be inserted the words " as defined in section 52 of the Finance Act 1974 ".