Textual Amendments
F1Words in Pt. 7 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 34 (with Sch. 1 para. 37)
Textual Amendments
F2Pt. 7 Ch. 2 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 29 (with Sch. 1 para. 37)
(1)For the purposes of this Chapter an individual's limit for a tax year is the total of—
(a)the fixed amount for the tax year or, if section 809 or 810 applies, the individual's share of that amount, and
(b)each amount per [F3adult or] child for the individual for the tax year (see section 811).
(2)For the purposes of this Chapter the fixed amount for a tax year is £10,000.
(3)The Treasury may by order amend the sum for the time being specified in subsection (2).
Textual Amendments
F3Words in s. 808(1)(b) inserted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 9 (with Sch. 1 para. 37)