George Osborne has recently announced a new tax break for married couples and those in a civil partnership in certain circumstances. The relief permits one of the parties, if they do not pay tax, to transfer up to £1,060 of their personal allowance to their spouse or civil partner. The relief commences on 6th April 2015.
Naturally with all reliefs there are conditions which are essentially as follows:
As a firm we shall be ensuring all our clients who are eligible for this relief are able to take advantage but if you have family members who you believe may be eligible then they can now sign up for this relief on the website at H M Revenue & Customs.Last modified on