Transferable tax allowances for married couples and civil partners

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In September 2013 that the Prime Minister announced that from April 2015 spouses and civil partners would be allowed to transfer £1,000 of their own allowance to their partner – provided neither of them were higher rate taxpayers.  This measure was confirmed on 5 December 2013 and but will not apply until 6 April 2015.  The measure looks as if it will enable savings of up to £200 if one partner has taxable income of less than £9500 and the other partner has income between £11.500 and approximately £41,000.  Further details to be announced by government nearer the time.

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