Tax Budget Tax Tables 2014 Main Personal Allowances and Reliefs

Main Personal Allowances and Reliefs

	2014/15	2013/14
Personal (basic)	£10,000	£9,440
Personal reduced if net income exceeds*	£100,000	£100,000
Personal if born between 6/4/38 and 5/4/48	£10,500	£10,500
Personal if born before 6/4/38	£10,660	£10,660
Personal if born before 6/4/48 reduced if net income exceeds*	£27,000	£26,100
Married couple’s allowance: * §
– maximum amount	£8,165	£7,915
– minimum amount	£3,140	£3,040
Blind person’s allowance	£2,230	£2,160
Rent-a-room tax-free income	£4,250	£4,250
Venture capital trust (VCT) at 30%	£200,000	£200,000
Enterprise investment scheme (EIS) at 30%	£1m	£1m
EIS eligible for capital gains tax deferral relief	No limit	No limit
Seed enterprise investment scheme (SEIS) at 50%	£100,000	£100,000
SEIS CGT reinvestment relief	50%	50%

* £1 reduction for every £2 of additional income over the income threshold.
§ Relief at 10% if at least one of the couple was born before 6/4/35.

Non-domicile remittance basis charge
For adult non-UK domiciliary after UK residence in:
– at least 7 of the previous 9 tax years	£30,000	£30,000
– at least 12 of the previous 14 tax years	£50,000	£50,000