'Married couple £1000 tax break' being reported before 2015

harz99

anselld wrote: »

It will presumably allow up to £1000 of existing personal allowance to be transferred. Hence it will only benefit couples where one person does not currently use their personal allowance ( and only by £200).

I wouldn't presume too much!

I suspect that the lazy b's setting this up will do it so that one partner can transfer only exactly the £1000 allowance, and will have to elect to do so prior to the start of the tax year so that correct tax codes can be sent out.

I hope this is not the case because, like many retired people, although my wife will not use all the increased personal tax allowance this year and in subsequent years, she will however not have a full £1000 tax allowance left to transfer.

It should be that at the end of each tax year, one or other partner would be able to transfer UP TO £1000 of unused personal tax allowance to the other partner, but this would be more work for the IR processing refunds of tax already paid.

harz99

I guess we'll just have to wait for the details, however as a bribe to vote Tory/LibDem it certainly won't persuade me, nor many others I suspect. That said I'll take it if I can get it - to coin a phrase "every little helps".

iris

zagfles wrote: »

Would you prefer the poll tax, where people were taxed, not property?

Yes, I think it is fairer.

longforgotten

I think council tax is very unfair and in an ideal world abolished.

I think it would fairer if everyone had to fill in a tax return and all benefits, credits, call them what you will was sorted out according to info provided, and of course income tax .