Office of Public Sector Information

Office of Public Sector Information

Advanced Search

Main navigation

Supplementary menus and contents

Related Pages
Feeds

Page 1 of 8

Next

First page 1 2 3 4 5 6 7 8 Last page

Revised Statute from The UK Statute Law Database

Finance Act 1971 (c. 68)

This version of this statute is extracted from the UK Statute Law Database (SLD). It is not necessarily in the form in which it was originally enacted but is a revised version, which means that any subsequent amendments to the text and other effects are incorporated with annotations.

There are effects on this legislation that have not yet been applied to SLD for the following years: 2005, 2006 and 2007. See the Tables of Legislative effects and the Update status of legislation page on the SLD website.

Royal arms

Finance Act 1971

1971 CHAPTER 68

Contents

Go to Preamble

  1. Part I

    Customs and Excise

    1. 1.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    4. 4, 5... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    5. 6. Agricultural machines—vehicles excise duty and customs and excise duty

    6. 7.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    7. 8—10... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    8. 11.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    9. 12.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  2. PART II

    INCOME TAX AND CORPORATION TAX

  3. CHAPTER I

    GENERAL

    1. 13.to 20... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 21. Occupational pension schemes

    3. 22—28... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  4. CHAPTER II

    SUB-CONTRACTORS IN CONSTRUCTION INDUSTRY

    1. 29. (Deductions on account of income tax from payments to certain sub-contractors in construction industry.)

    2. 30. (Exceptions from section 29.)

    3. 31. (Interpretation of Chapter II.)

  5. CHAPTER III

    METHOD OF CHARGING INCOME TAX FOR 1973-74 AND SUBSEQUENT YEARS

    1. 32.to 36... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 37. Consequential amendments and repeals

    3. 38. Commencement of Chapter III and transitional provisions

    4. 39.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  6. PART III

    INCOME TAX AND CORPORATION TAX: CAPITAL ALLOWANCES

    1. 40.to 54... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  7. PART IV

    TAX ON CAPITAL GAINS AND ESTATE DUTY

    1. 55.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 56. (Taxation of short-term capital gains.)

    3. 57. (Exemption or relief for small disposals)

    4. 58. (Disposal of options.)

    5. 59. (Abolition of charge to capital gains tax on death, etc.)

    6. 60. (Replacement of business assets.)

    7. 61, 62... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  8. PART V

    MISCELLANEOUS

    1. 63.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 64.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    3. 65.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    4. 66.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    5. 67. Confirmation of health service agreement with Northern Ireland and U.K. contribution towards cost of certain allowances and benefits in Northern Ireland

    6. 68. Payments to Banks of England and Ireland in respect of management of Government securities

    7. 69. Citation, interpretation, construction, extent and repeals

  9. SCHEDULE 1

  10. SCHEDULE 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  11. SCHEDULE 3

    OCCUPATIONAL PENSION SCHEMES

  12. SCHEDULE 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  13. SCHEDULE 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  14. SCHEDULE 6

    AMENDMENTS CONSEQUENTIAL ON NEW METHODS OF CHARGING TAX

  15. SCHEDULE 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  16. SCHEDULE 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  17. SCHEDULE 9

    RESTORATION OF DEVELOPMENT VALUE

  18. SCHEDULE 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  19. SCHEDULE 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  20. SCHEDULE 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  21. SCHEDULE 13

    Health Service Agreement between Treasury and Ministry of Finance for Northern Ireland

  22. SCHEDULE 14

    ENACTMENTS REPEALED

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.

[5th August 1971]X1X2

Annotations:

Modifications etc. (not altering text)

C1Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3

Act applied (3.5.1994) by 1994 c. 9, s. 118(8)

Commencement Information

I1Act partly in force at Royal Assent, partly retrospective, partly prospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991

Editorial Information

X1The text of ss. 6(1), 7, 69(1)(4) was taken from SIF group 107:2 (Road Traffic:Vehicle Excise Duty), ss. 13–60, 69, Schs. 2–12, 14 from SIF group 63:1 (Income, Corporation and Capital Gains Taxes:Income and Corporation Taxes), ss. 66–69(1)(4)(5), Sch. 13 from SIF group 99:7 (Public Finance and Economic Control:Miscellaneous), ss. 64, 69(1)(4)-(6) from SIF group 114 (Stamp Duty); provisions omitted from SIF have been dealt with as referred to in other commentary.

X2General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) but not against each Act

Page 1 of 8

Next

First page 1 2 3 4 5 6 7 8 Last page