Personal Tax

Can I transfer any tax allowances to my partner?

This is something available to married couples and those in civil partnerships. Provided neither of you are taxed above the…

This is something available to married couples and those in civil partnerships.

Provided neither of you are taxed above the basic rate then the transferable tax allowance can be elected to be transferred.

This will be beneficial when one of you have taxable income below the personal allowance.

If we are preparing a tax return for both of you we will deal with this automatically.  However, if not, it is imperative that you advise us about this prior to preparing your return.

Posted 1 year agoby CWM

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Established in 1991 based in Epsom Surrey, CWM use technology to its fullest extent enabling us to work with clients based anywhere, with maximum efficiency resulting in lower costs.

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1a High Street
Epsom
Surrey
KT19 8DA
Phone: 01372 727333
Email: info@cwmaccountants.com

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