Main Income Tax Reliefs and Credits |
| |
05-06 |
04-05 |
| Personal (basic) |
£4,895 |
£4,745 |
| Personal (65-74) |
£7,090 |
£6,830 |
| Personal (75 & over) |
£7,220 |
£6,950 |
| Married couple's† (minimum)
at 10%* |
£2,280 |
£2,210 |
| Married couple's† (under
75) at 10%* |
£5,905 |
£5,725 |
| Married couple's† (75 &
over) at 10% |
£5,975 |
£5,795 |
| Age-related reliefs reduced by 50% of
income over |
£19,500 |
£18,900 |
| Child tax credit (CTC) - family
element |
£545 |
£545 |
| CTC - family element baby addition |
£545 |
£545 |
| CTC usually reduced by 6.67% of joint
income over |
£50,000 |
£50,000 |
| Childcare and childcare vouchers - weekly
rate |
£50 |
N/A |
| Blind person's allowance |
£1,610 |
£1,560 |
| Rent-a-room tax-free income |
£4,250 |
£4,250 |
| Venture capital trust (VCT) at effective
40% |
£200,000 |
£200,000 |
Enterprise investment scheme (EIS) at
20%
|
£200,000 |
£200,000 |
| EIS eligible for CGT re-investment
relief |
No limit |
No limit |
† And civil partnerships
from 5 December 2005
* Where at least one
claimant was born before 6 April 1935
|
|
| © Copyright March 2005, subject to Finance Act |
|
|
