Tax Allowance


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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.
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References in periodicals archive ?
A If you transfer the company scheme to a personal pension or SIPP, then you will be entitled to 25% tax-free cash, and any remainder over the annual personal tax allowance taken as either income or lump sum will be taxed at your marginal rate.
DEAR TRICIA; Need some practical financial advice? YOUR MONEY Editor Tricia Phillips and her team can help
UK website has more information on tax allowances and tax rates.
YOUR VIEW; This week Joe Michna, manager of Hartlepool Citizens Advice, talks about Income Tax rates
Plans to raise the personal tax allowance (PTA) to PS12,500 and the higher rate threshold to PS50,000 will deliver a cash boost of up to PS765 per person by the end of this parliament.
tax boost for rich slammed
For current shipbuilding and ship repair firms, they can now enjoy investment tax allowance of 60% on the additional qualifying capital expenditure incurred within 5 years.
Malaysia : Govt. announces new incentives for shipbuilding, ship repair sector
The Transferable Tax Allowance will, on making a claim to HMRC, enable spouses and civil partners to transfer PS1,060 of their personal allowance to the other partner, giving rise to a tax saving of up to PS212 where one person does not use all of their personal allowance.
Getting personal over tax changes
Expat couples could be up to GBP4,000 a year worse off under plans to remove the personal tax allowance for non-residents of the UK, the Telegraph reported on Tuesday.
Expats could loose personal tax allowance
Do not overlook your annual Capital Gains Tax allowance.
invested INTEREST; With Sanlam Private Wealth
Other measures included in the bill are designed to assist hardworking families with the cost of living, including an increase in the personal tax allowance to GBP10,000 for 2014/2015; and a new transferable tax allowance for married couples and civil partners.
Draft tax legislation published by UK government
5bn of cuts, but this week they can find half a billion pounds for a marriage tax allowance to promote their fantasy 50s family, that''s a married couple with a breadwinner and a homemaker.
Tax break plan for married couples; IN BRIEF
Cardiff North's Conservative MP Jonathan Evans, however, said the rise in the personal tax allowance to PS10,000 from Saturday would have a positive impact on "infinitely" more Cardiff residents than the benefits shake-up.
Benefits shake-up 'to cost city PS100m'
We have also made very good progress in areas such as raising the income tax allowance, we have got the biggest increase in the income tax allowance in history this April which will help many people on low and middle incomes.
Coalition Government has a 'positive record'
When asked about the tax allowance, Clarke said: "We never committed ourselves to married couples' tax by the end of the parliament".
Married Couple Tax Break is Doubtful, Says Ken Clarke

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