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2 1999

FINANCE ACT, 1999

PART 5

Residential Property Tax

Amendment of section 100 (market value exemption limit) of Finance Act, 1983.

198. —(1) Section 100 of the Finance Act, 1983 , is hereby amended in subsection (1) by the substitution in the definition of “general exemption limit” of “£200,000” for “£94,000” (inserted by the Finance Act, 1995 ) and of “1999” for “1995” (as so inserted).

(2) This section shall have effect in relation to any valuation date (within the meaning of section 95(1) of the Finance Act, 1983 ) occurring on or after the 5th day of April, 1999.