Overview Part 1: Income and Corporation Taxes Act 1988 Section 823
3215.This section is being repealed without being rewritten, as it is unnecessary.
3216.This provision was enacted in 1927 on the introduction of surtax and was intended to meet the situation where deductions were allowed at different times and impacted on other reliefs (especially earned income relief). With today’s mechanisms for tax compliance and Self Assessment procedures, this provision is unnecessary.