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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Marriage allowance
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?
My explanations of what you need to know are contained within the OT Study Notes and the lectures
