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Marriage allowance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Marriage allowance

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarTax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • November 12, 2019 at 1:22 pm #551883
    Avatarmadni141
    Member
    • Topics: 27
    • Replies: 16
    • ☆

    Kindly explain these two points:
    1) If one spouse has unused PA of less than £1190, then:
    a fixed amount of £1190 must still be transferred
    the transferor will have to pay some tax
    maximum tax saving for the couple is = unused PA*basic rate income tax

    2) in the year of marriage full allowance is available. isn’t the full allowance available for every year?

    November 14, 2019 at 9:02 am #552577
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    My explanations of what you need to know are contained within the OT Study Notes and the lectures

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