The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
In general, the personal allowance cannot be transferred to another person or carried into another tax year, although in limited circumstances all or part of certain allowances can be transferred to a spouse or civil partner, see below.
If the individual does not have enough taxable income to set against the allowance for the tax year, the benefit of that allowance is lost for that year. See the Personal allowance guidance note.
The personal allowance is also lost or reduced for the tax year in the following circumstances:
Therefore, it is important to review the use of personal allowances for both low-income and high-income clients.
The married couple’s and blind person’s allowances can be transferred between spouses / civil partners, where the recipient of the allowances does not have sufficient income or tax liability to use the allowance.
See the Married couple’s allowance guidance note and Table ― married couple's allowance elections and transfers.
See the Blind person’s allowance guidance note.
From 6 April 2015, certain individuals can effectively transfer 10%
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