Search Legislation

The Income Tax (Indexation) Order 1995

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening Options

More Resources

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

2.—(1) The amounts which, unless Parliament otherwise determines, will be treated by virtue of sections 1(4)(1) and 257C(1) of the Income and Corporation Taxes Act 1988 as specified for the year 1996 – 97 in sections 1(2)(2), 257 and 257A(3) of that Act are set out in paragraphs (2), (3) and (4).

(2) In subsection (2) of section 1 of the said Act (the charge to income tax)—

(a)in paragraph (aa) (lower rate limit)— £3,400;

(b)in paragraph (b) (basic rate limit)— £25,300.

(3) In section 257 of the said Act (personal allowance)—

(a)in subsection (1) (personal allowance)— £3,665;

(b)in subsection (2) (personal allowance— age 65 to 74) — £4,810;

(c)in subsection (3) (personal allowance— age 75 and over)— £4,990;

(d)in subsection (5) (income limit for age-related allowances) — £15,200.

(4) In section 257A of the said Act (married couple’s allowance) —

(a)in subsection (1) (married couple’s allowance)— £1,790;

(b)in subsection (2) (married couple’s allowance— age 65 to 74)— £3,115;

(c)in subsection (3) (married couple’s allowance— age 75 and over)— £3,155;

(d)in subsection (5) (income limit for age-related allowances) — £15,200.

(1)

Section 1(4) was amended by section 24(2) of the Finance Act 1988, by section 9(1) and (6) of the Finance Act 1992 and by section 107(2) of the Finance Act 1993.

(2)

Section 1(2) was amended by section 24(2) of the Finance Act 1988 and by section 9(1) to (3) of the Finance Act 1992.

(3)

Sections 257 and 257A as substituted by section 33 of the Finance Act 1988 were amended by section 33 of the Finance Act 1989 (c. 26), and section 257A was further amended by section 77(2) of, and paragraph 1 of Schedule 8 to, the Finance Act 1994 (c. 9).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources