8 Marsden Business Park
James Nicolson Link
Clifton Moor
York, YO30 4WX
01904 69 16 16

Search News


Extra tax relief for married over 80s

Source: HM Revenue & Customs | | 10/04/2018

The Married Couple's Allowance (MCA) is available to elderly married couples or those in a civil partnership, where at least one member of the couple were born before 6 April 1935 (i.e. at least 83 years old). The allowance provides for tax relief by deducting 10% of the allowance from the amount of tax due on taxable income. The MCA can reduce a tax bill to zero but cannot result in a refund of tax.

For the new tax year, the maximum amount of married couple's allowance is £8,695. This means that qualifying claimants can receive a maximum deduction of £869.50 from their income tax bill. There is a minimum allowance of £3,360 which could get qualifying taxpayers a minimum deduction of £336.

Planning note

The MCA should not be confused with the Marriage Allowance (MA), which came into force on 6 April 2015 and allows lower earning couples (of any age) to share part of their personal tax-free allowance. The MA allows the lower earning partner to transfer up to £1,190 (2018-19) of their personal tax-free allowance to a spouse or civil partner.



Latest News

Should you pay tax on money or goods you inherit?
24/04/2018 - More...
The surprising answer to this question is usually no. This is because inheritance tax (IHT) is usually levied on a

How to claim or stop claiming the employment allowance
24/04/2018 - More...
The employment allowance of £3,000 per year is available to most businesses and charities to be offset against their

Which car benefits are exempt from tax?
24/04/2018 - More...
The tax benefits of driving a company car have been steadily reduced over many years. Most employers and employees are

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login