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Finance Act 2011

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This is the original version (as it was originally enacted).

2Basic rate limit for 2011-12

(1)For the tax year 2011-12 the amount specified in section 10(5) of ITA 2007 (basic rate limit) is replaced with “£35,000”.

(2)Accordingly section 21 of that Act (indexation of limits), so far as relating to the basic rate limit, does not apply for that tax year.

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