Part 3Personal reliefs
Chapter 2Personal allowance and blind person's allowance
Personal allowances
36Personal allowance for those F2born after 5 April 1938 but before 6 April 1948
F31
An individual who makes a claim is entitled to a personal allowance of £10,500, or (if greater) the section 35 amount, for a tax year if the individual—
a
was born after 5 April 1938 but before 6 April 1948, and
b
meets the requirements of section 56 (residence etc).
2
F4If the allowance under subsection (1) is greater than the section 35 amount, for an individual whose adjusted net income for the tax year exceeds F8£26,100, the allowance under subsection (1)—
a
is reduced by F5an amount equal to half of that excess income, but
F72A
In this section “the section 35 amount” means the amount of any allowance to which the individual would be entitled under section 35 for the tax year if the individual had been born after 5 April 1948.
3
For the meaning of “adjusted net income” see section 58.