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 |
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