4 Personal allowances from 2013
Finance Act 2012 (2012 c 14) | Legislation

4  Personal allowances from 2013

(1)     Chapter 2 of Part 3 of ITA 2007 (personal allowance etc) is amended in accordance with subsections (2) to (6).

(2)     In section 35 (personal allowance for those aged under 65)—

(a)     in subsection (1), for paragraph (a) substitute—

“(a)     was born after 5 April 1948, and”, and

(b)     in the heading for “aged under 65” substitute “born after 5 April 1948”.

(3)     In section 36 (personal allowance for those aged 65 to 74)—

(a)     for subsection (1) substitute—

“(1)     An individual who makes a claim is entitled to a personal allowance of £10,500, or (if greater) the section 35 amount, for a tax year if the individual—

(a)

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