TRANSFER OF PERSONAL ALLOWANCE

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March 19, 2021 at 12:33 pm #614770
Yovin
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Hi Sir,
If a transferee spouse is a basic rate taxpayer and has only dividend income , when receiving marriage allowance from the transferor, its tax liability will be reduced by:

(a)£1250×20%=£250
OR
(b)£1250×7.5%=£93.75
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