Tax credits and other credits - Terminating provisions
LZ 11: Maximum amount for all special home ownership accounts for all tax years
You could also call this:
“This rule about savings limits for special home accounts no longer applies”
This section of the law used to be about special home ownership accounts. It had rules about the most money you could put in these accounts over all the years you had them. But on 2 June 2016, the government got rid of this part of the law. They don’t use these special accounts anymore, so they took out the rules about them. If you want to know more about why they changed this, you can look at section 50 of another law called the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016.
