Details of the Section
2.Subsection 1 replaces the existing amount of the personal allowance for those aged under 65 in section 35(1) of the Income Tax Act 2007 (£7,475) with £8,105 for 2012-13.
3.Subsection 2 disapplies the indexation provisions for the personal allowance for those aged under 65 for 2012-13.