Section 8.
| Subject Matter. | Enactment amended. | Amendment. |
|---|---|---|
| Personal allowance | The Finance Act, 1920, s. 18. | In subs. (1) for the words " two hundred and twenty-five pounds" there shall be substituted the words " one hundred and fifty pounds " ; and for the words " one hundred and thirty-five pounds" there shall be substituted the words " one hundred pounds. " |
| In subs. (2) for the words " five-sixths " there shall be substituted the words " four-fifths. " | ||
| Deductions in respect of relative or other person taking charge of widower's or widow's children or acting as housekeeper or in respect of widowed mother, &c. | The Finance Act, 1920, ss. 19 and 20, and the Finance Act, 1924, ss. 21 and 22. | The amount on which a deduction of tax at the standard rate is to be allowed shall in each case be fifty pounds instead of sixty pounds. |
| Deduction in respect of children. | The Finance Act, 1920, s. 21. | For the words " sixty pounds, "wherever they occur there shall be substituted the words " fifty pounds " ; and for the words "fifty pounds" there shall be substituted the words " forty pounds. " |
| Allowances in respect of earned income and allowances by reference to total income of persons of age of sixty-five years. | The Finance Act, 1925, s. 15. | For the words " one-sixth ", wherever they occur, there shall be substituted the words " one-fifth " ; for the words " two hundred and fifty pounds'' there shall be substituted the words " three hundred pounds " and for the words " one hundred and sixty pounds" there shall be substituted the words " one hundred and twenty-five pounds. " |
| Relief from balance of tax chargeable after allowance of other reliefs. | The Finance Act, 1927, s. 40 (2). | For the words " five-ninths ", wherever they occur, there shall be substituted the words " one-half " ; and for the words " two hundred and fifty pounds " there shall be substituted the words " one hundred and seventy-five pounds. " |
| Relief in respect of life insurance premiums, &c. | The Income Tax Act, 1918, s. 32. | Para. (f) of subs. (3) shall cease to have effect. |