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(1)For the year 1996-97 the amounts specified in the provisions mentioned in subsection (2) below shall be taken to be as set out in that subsection; and, accordingly, section 257C(1) of the Taxes Act 1988 (indexation), so far as it relates to the amounts so specified, shall not apply for the year 1996-97.
(2)In section 257 of that Act (personal allowance)—
(a)the amount in subsection (1) (basic allowance) shall be £3,765;
(b)the amount in subsection (2) (allowance for persons aged 65 or more but not aged 75 or more) shall be £4,910; and
(c)the amount in subsection (3) (allowance for persons aged 75 or more) shall be £5,090.
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