Section 3.

As respects the year of assessment 2005 and subsequent years of assessment, the Taxes Consolidation Act 1997 is amended as follows -

(a) in section 461, by substituting "€3,160" for "€3,040", in both places where it occurs, and "€1,580" for "€1,520",

(b) in section 461A, by substituting "€400" for "€300",

(c) in section 462, by substituting "€1,580" for "€1,520" in subsection (2),

(d) in section 463, by substituting "€2,800", "€2,300", "€1,800", "€1,300" and "€800" respectively for "€2,600", "€2,100", "€1,600", "€1,100" and "€600" in subsection (2),

(e) in section 465, by substituting "€1,000" for "€500" in subsection (1),

(f) in section 468, by substituting "€1,000" and "€2,000", respectively for "€800" and "€1,600" in subsection (2), and

(g) in section 472, by substituting "€1,270" for "€1,040", in both places where it occurs, in subsection (4).