Part IU.K.

1, 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1U.K.

3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2U.K.

4—6.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3U.K.

Part IIU.K.

7—13.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4U.K.

Part IIIU.K. Income Tax and Profits Tax

14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5U.K.

15 Further provision for repayment of post-war credits.U.K.

[F6(1)Where a man or woman who has died or become bankrupt would, but for that, be entitled on making the proper application under section twenty-six of the M1Finance Act 1946 (which provides for the repayment of post-war credits to elderly persons), to payment of a post-war credit to which that section applies, then (subject to the provisions of this section) the person for the time being having the title to the credit shall be entitled to receive the payment.]

(2)Notwithstanding the proviso to subsection (4) of section seven of the M2Finance Act 1941, an assignment of or charge on any such credit made by a deceased person’s personal representatives acting in their capacity as such, and not made to a legatee or, where the deceased’s estate is (or but for the credit would be) insolvent, to a creditor of the estate, and any agreement for such an assignment or charge, shall be void unless made before the commencement of this Act; and a person shall not be entitled to payment of a credit by virtue of this section if his title to the credit depends on such an assignment or charge made before that commencement but after the sixth day of April, nineteen hundred and fifty-four:

(3), (4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

(5)In this section—

(a)any reference to the person having title to a credit is a reference to the person who, on the date being fixed by the Treasury under subsection (1) of section seven of the M3Finance Act 1941, would be entitled to have it credited to him; and

(b)“legatee” means, in relation to a deceased person, a person taking any property or interest in property, whether beneficially or not, under a will or other testamentary disposition of the deceased person or on his intestacy.

(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

16—27.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8U.K.

Part IVU.K.

28, 29.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9U.K.

30

(1)—(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11

(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12

31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13U.K.

32

(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14

(2)(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15

33

(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16

(2)(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16

Part VU.K. Miscellaneous

34 Amendments as to Sinking Funds, and as to manner of accounting for issues out of Consolidated Fund.U.K.

(1), (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F18

(3)Any sum charged by any Act, whenever passed, on the Consolidated Fund shall be charged also on the growing produce of the Fund F19...

F20(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35 Short title, etc.U.K.

(1)This Act may be cited as the Finance Act 1954.

(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F21

(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F23

(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24

F25(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended or applied by or under any other enactment, including this Act.

(8)Such of the provisions of this Act as relate to matters in respect of which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.

(9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F26

F27F27FIRST SCHEDULEU.K.

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F28F28SECOND TO FOURTH SCHEDULESU.K.

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FIFTH SCHEDULEU.K.

1U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F29

2U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F30

3, 4.U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F31

F32F32SIXTH SCHEDULEU.K.

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