§ 26. Sir Richard Glynasked the Chancellor of the Exchequer what would be the cost in the current year if the reliefs for elderly taxpayers were available for those who attained the age of 65 years or more before 6th April, 1964; and what would be the cost in a full year at current rates of tax.
§ Mr. BarberMy hon. Friend will be pleased to know that the special Income Tax reliefs for 1963–64 for elderly taxpayers who satisfy prescribed income conditions (the age exemption and the age relief) will apply to taxpayers who are 65 or over at any time in the Income Tax year.