Transferable tax allowance for married couples and civil partners – From 2015-16 tax year, a spouse or civil partner can apply to transfer £1,050 of their personal allowance to their spouse or civil partner. The spouse or civil partner will receive the transferable allowance as a reduction to their income tax liability at the basic rate of tax. To be eligible to make or receive the transfer, neither party must be liable to income tax at the higher or additional rate.
Budget 2014 – Transferable tax allowance for married couples and civil partners – but not until 5 April 2015
on 19 March 2014 with No Comments
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