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Personal allowances uprating

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The Income Tax (Indexation) Order, SI 2016/1175, increases the amount of the blind person’s allowance and the minimum and maximum amounts of married couple’s allowance for the tax year 2017/18. It also increases the income limits for married couple’s allowance and the personal allowance for individuals born before 5 April 1935. These amounts are increased in line with the consumer prices index.

Issue: 1336
Categories: News , Private client taxes