Part II Income Tax, Corporation Tax and Capital Gains Tax
CHAPTER I General
Income tax rates and allowances
31 Age allowance.
1
In section 257 of the Taxes Act 1988—
a
in subsection (3) (increased allowance for those aged 80 and over) for “80”, wherever occurring, there shall be substituted “75”, and
b
in subsection (5) (age allowance withdrawn by two-thirds of amount by which income exceeds a specified limit) for “two-thirds” there shall be substituted “one half”.
C12
This section shall have effect for the year 1989-90.