Tax Tables
Main Income Tax Reliefs and Credits
07-08 |
06-07 |
|
| Personal (basic) | £5,225 |
£5,035 |
| Personal (65-74) | £7,550 |
£7,280 |
| Personal (75 & over) | £7,690 |
£7,420 |
| Married/civil partners (minimum) at 10%* | £2,440 |
£2,350 |
| Married/civil partners (under 75) at 10%* | £6,285 |
£6,065 |
| Married/civil partners (75+) at 10% | £6,365 |
£6,135 |
| Age-related reliefs reduced by 50% of income over | £20,900 |
£20,100 |
| Blind person's allowance | £1,730 |
£1,660 |
| Rent-a-room tax-free income | £4,250 |
£4,250 |
| Venture capital trust (VCT) up to £200,000 Minimum holding period of income tax relief |
30% 5 years |
30% 5 years |
| Enterprise investment scheme (EIS) up to £400,000 Minimum holding period of income tax relief |
20% 3 years |
20% 3 years |
| EIS eligible for Capital Gains Tax re-investment relief | No limit |
|
| * Where at least one spouse/civil partner was born before 6 April 1935 | ||
© Copyright March 2007, subject to Finance Act 2007. For information
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