The Income Tax (Indexation) (No.2) Order 2003

• Citation: S.I. 2003/3215
• Sections: 2

Section 1 Citation

This order may be cited as the Income Tax (Indexation) ( No. 2) Order 2003.

Section 2 Amounts of personal allowance, married couple’s allowance and blind person’s allowance for 2004-05

(1) The amounts which, unless Parliament otherwise determines, will be treated by virtue of sections 257C(1) and 265(1A) of the Income and Corporation Taxes Act 1988 as specified for the year 2004-05 in sections 257 and 257A , and 265 of that Act are set out in paragraphs (2) to (4) below.

(2) In section 257 of that Act (personal allowance)—

(a) in subsection (1) (personal allowance)—£4,745;

(b) in subsection (2) (personal allowance – age 65-74)—£6,800;

(c) in subsection (3) (personal allowance – age 75 and over)—£6,910;

(d) in subsection (5) (income limit for age-related allowances)—£18,900.

(3) In section 257A of that Act (married couple’s allowance)—

(a) in subsection (2) (married couple’s allowance – age 69 to 74 and born before 6th April 1935) — £5,725;

(b) in subsection (3) (married couple’s allowance – age 75 and over)—£5,795;

(c) in subsection (5) (income limit for age-related married couple’s allowance—£18,900;

(d) in subsection (5A) (minimum married couple’s allowance)—£2,210.

(4) In section 265(1) of that Act (blind person’s allowance)—£1,560.