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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ICAEW The Chartered Institute of Taxation ACCA IPG IR