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in subsection (5) (age allowance withdrawn by two-thirds of amount by which income exceeds a specified limit) for “two-thirds” there shall be substituted “one half”.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.