Finance Act, 1970

Amendment of section 136 of Income Tax Act, 1967.

8.Section 136 of the Income Tax Act, 1967 , is hereby amended—

(a) by the substitution of “£500” for “£450” in each place where it occurs, and

(b) by the addition to subsection (2) of the following proviso—

“Provided that where the relevant income is less than £500, the minimum deduction under this subsection shall be £125 or the amount of the relevant income, whichever is the less.”.