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LZ 11: Maximum amount for all special home ownership accounts for all tax years
or “This rule about savings limits for special home accounts no longer applies”

You could also call this:

“Definition of 'increase in savings' no longer exists in tax law”

This part of the law used to explain what ‘increase in savings’ means. It was part of the rules about tax credits and other credits in the Income Tax Act 2007. However, this section no longer exists. It was removed from the law on 2 June 2016. This means that you can’t use this part of the law anymore to understand what ‘increase in savings’ means for tax purposes.

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Next up: LZ 13: Part-year override of section LY 3(2)(b)

or “Special rules for partial-year Callaghan Innovation Growth Grant recipients in 2020-2021”

Part L Tax credits and other credits
Terminating provisions

LZ 12Meaning of increase in savings (Repealed)

    Notes
    • Section LZ 12: repealed, on , by section 50 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).