Paragraph 4

United Kingdom

(1)

Paragraph 1 of Schedule 1 to that Act is amended as follows.

(2)

In sub-paragraph (1), in the words following paragraph (b)—

(a)

for “section 3(1) to (6)” substitute “ sections 3(1) to (5C) and 3A ”;

(b)

at the end insert “ , but with the modifications specified in this paragraph ”.

(3)

After sub-paragraph (2) insert—

“(2A)
As they apply by virtue of sub-paragraph (1) above—
(a)
section 3(5A) has effect with the omission of paragraph (b), and
(b)
section 3(5B) has effect with the omission of the words “or (b)”.”.

(4)

In sub-paragraph (3)—

(a)

for “section 3” substitute “ sections 3 and 3A(1)(a) ”;

(b)

after “the exempt amount for the year”, where it first occurs, insert “ (except the one in section 3(2)) ”.

F1(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1: Sch. 28 para. 4(5) omitted (13.8.2009) by virtue of The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035), art. 1, Sch. para. 60(i)