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32 1929

FINANCE ACT, 1929

THIRD SCHEDULE.

Consequential and Minor Amendments of Income Tax Acts.

Enactments to be amended.

Nature of Amendment.

The Income Tax Act, 1918: Section 19.

The words “assessable under Schedule A.” shall be inserted after the word “heritages” where that word first occurs; the words “assessable under Schedule B.” shall be inserted after the word “heritages” where it secondly occurs; and the words “of the last-mentioned lands, tenements, hereditaments and heritages” shall be inserted after the word “occupier.”

The Income Tax Act, 1918: First Schedule.

In paragraph (2) of Rule 1 of the Rules applicable to Cases I and II of Schedule D., the words “year preceding the year of assessment” shall be substituted for “said period of three years” and the words “the average of” shall be omitted.

In paragraph (d) of Rule 3 of the Rules applicable to Cases I and II of Schedule D., the words “actually” shall be substituted for the word “usually,” and the words “according to an average of three years preceding the year of assessment” shall be omitted.

In paragraph (1) of Rule 5 of the Rules applicable to Cases I and II of Schedule D., the words “annual value of” shall be substituted for the words “profits or gains arising from” and the words “and separately assessed and charged under Schedule A.” shall be inserted after the word “profession” where it first occurs, and the words “provided that” shall be omitted.

In paragraph (2) of the said Rule 5, the words “lands, tenements, hereditaments and heritages” shall be substituted for the word “premises” where it firstly and secondly occurs.

The Finance Act, 1920: Section 27.

For the reference in sub-section (4) to the Rules applicable to Case IV or Case V. of Schedule D, there shall be substituted a reference to the corresponding provision contained in Part II of the First Schedule to this Act.

The Finance Act, 1923 : Section 5 .

In sub-section (2) the words “for the purposes of Schedule A.” and the words “in accordance with the rules” to the end of the sub-section shall be omitted.

The Finance Act, 1928 : Section 9 .

In sub-section (1) the word “Revenue” shall be substituted for the word “Special,” and the word “said” shall be inserted before the words “Revenue Commissioners” where they now appear.