Income Tax Act 2007 (c. 3)

Part 3 Personal reliefs

Chapter 2 Personal allowance and blind person’s allowance

Personal allowances

37 Personal allowance for those aged 75 and over

(1) An individual who makes a claim is entitled to a personal allowance of £7,420 for a tax year if the individual—

(a) is 75 or over at some time in the tax year, and

(b) meets the requirements of section 56 (residence etc).

(2) For an individual whose adjusted net income for the tax year exceeds £20,100, the allowance under subsection (1)—

(a) is reduced by half the excess, but

(b) is not reduced below the amount of a personal allowance under section 35.

(3) For the meaning of “adjusted net income” see section 58.