Finance Act 1994

The Taxes Management Act 1970 (c. 9)

13 In section 37A of the Taxes Management Act 1970 (effect of assessment where allowances transferred)—

(a) after the word “person's”, in the first place where it occurs, there shall be inserted “liability to income tax or”;

(b) for the words from “any deduction made” to “spouse” there shall be substituted “any income tax reduction or deduction from total income made in the case of that person’s spouse”; and

(c) for the words from “and where” onwards there shall be substituted “and the entitlement in that case of the first-mentioned person for the year in question to any income tax reduction or deduction from total income shall be treated as correspondingly reduced.”