PART VII GENERAL PROVISIONS RELATING TO TAXATION OF INCOME OF INDIVIDUALS

CHAPTER I PERSONAL RELIEFS

The reliefs

256 General.

F21

M1An individual who makes a claim in that behalf or, in the case of relief under section 266, who satisfies the conditions of that section, shall be entitled to such relief as is specified in sections 257 to 274, subject however to the provisions of sections 275 to 278 and F1287 and 288.

F32

Where under any provision of this Chapter the relief to which a person is entitled for any year of assessment consists in an income tax reduction calculated by reference to a specified amount, the effect of that relief shall be that the amount of that person’s liability for that year to income tax on his total income shall be the amount to which he would have been liable apart from that provision less whichever is the smaller of—

a

the amount equal to F410 per cent. of the specified amount; and

b

the amount which reduces his liability to nil.

C13

In determining for the purposes of subsection (2) above the amount of income tax to which a person would be liable apart from any provision providing for an income tax reduction, no account shall be taken—

a

where that provision is F5section 257AA, of any income tax reduction under any of the other provisions of this Chapter;

b

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or

c

whatever that provision—

i

of any relief by way of a reduction of liability to tax which is given in accordance with any arrangements having effect by virtue of section 788 or by way of a credit under section 790(1); or

ii

of any tax at the basic rate on so much of that person’s income as is income the income tax on which he is entitled to charge against any other person or to deduct, retain or satisfy out of any payment;

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..