CH 5 - Relief for Married Couples Flashcards
1
Q
What reliefs for Married Couples exists
(list limits)
A
MCA - Married couple’s Allowance
* £10,375 for born before 6-4-1935 as a 10% tax reducer
* minimum £4,010 (restricted above £34,600)
MA - Marriage Allowance
* 10% of PA (rounded to 10)
* neither tax payer caan be higher, upper or additional tax payer
