Tax Allowance

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Related to Tax Allowances: Income Tax Rates

Tax Allowance

Income that is not taxed. For example, a government may not subject the first $10,000 of earnings to an income tax or the first $20,000 in investment income to a capital gains tax.
References in periodicals archive ?
Do not overlook your annual Capital Gains Tax allowance.
The personal tax allowance is the amount an individual can earn without having to pay any tax.
If you have made any capital gains on investments you should consider using your capital gains tax allowance.
He said: "With the personal tax allowance rising towards pounds 10,000, this is the right time to be aligning those allowances.
THE National Association of Stable Staff has delivered a tepid response to the budget and argued that the increase in personal income tax allowance will do little to help members recoup the diminished value of their earnings, writes Lee Mottershead.
A tax cut for the richest in the country is paid for by slashing pensioners tax allowances .
QI am looking ahead and starting to plan for my retirement and so I want to make sure that all my money and tax issues - including my pension and tax allowances - are in order.
A survey of 1,000 firms showed that nine out of 10 wanted corporation tax lowered at the expense of tax allowances.
These include extending the 'time to pay' scheme, first year tax allowances for plant and machinery and R&D relief.
On remand of that case, the Commission in May 2005 adopted a new policy on income tax allowances permitting regulated utilities owned by tax-pass-through entities to demonstrate their entitlement to an income tax allowance based on a showing that the income generated by the regulated utility was subject to actual or potential tax liability.
Tax benefits : Married couples can transfer assets, such as shares, between them to make most of tax allowances.
Other information includes tax allowances on alcoholic drinks being transported between EU member countries, as well as rules on tax and duty free sales.