Textual Amendments
F1Words in Pt. 3 Ch. 3 heading inserted (with effect in accordance with s. 11(12) of the amending Act) by Finance Act 2014 (c. 26), s. 11(6)
(1)If a man—
(a)makes a claim for a tax year, and
(b)meets the conditions set out in subsection (2),
he is entitled to a tax reduction for the tax year of 10% of the amount specified in subsection (3)(a) F2... .
(2)The conditions are that—
(a)for the whole or part of the tax year he is married and his wife is living with him,
(b)the marriage took place before 5 December 2005 and no election for the new rules to apply is in force for the tax year,
(c)he or his wife was born before 6 April 1935, and
(d)he meets the requirements of section 56 (residence etc).
(3)The amount is—
(a)[F3“£8,695], if either the man or his wife is aged 75 or over at some time in the tax year F4...
F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)For a man whose adjusted net income for the tax year exceeds [F5£28,900], the amounts specified in subsection (3) are reduced by [F6half the excess].
(5)But subsection (4) does not reduce the amounts specified in subsection (3) below the minimum amount.
(6)For the meaning of “adjusted net income” see section 58.
Textual Amendments
F2Words in s. 45(1) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1
F3Sum in s. 45(3)(a) substituted (for the tax year 2018-19) by The Income Tax (Indexation) Order 2017 (S.I. 2017/1184), arts. 1, 3(d)
F4Words in s. 45(3) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1
F5Sum in s. 45(4) substituted (for the tax year 2018-19) by The Income Tax (Indexation) Order 2017 (S.I. 2017/1184), arts. 1, 3(f)
F6Words in s. 45(4) substituted for s. 45(4)(a)(b) (with effect in accordance with s. 5(11) of the amending Act) by Finance Act 2015 (c. 11), s. 5(6)