More than 4 million married couples and 15,000 civil partners are eligible to claim a tax break worth up to £238 in 2018/19 but how do you claim this? In the simplest form, it is designed for couples where one partner pays the basic rate of income tax and the other is a non-tax payer.
Millions of couples are entitles to the marriage allowance but take up has remained subdued since the tax break came into force on 6 April 2015. Take a read of our latest Active Practice to learn more about the possible tax break you could be eligible for.
This month’s Active Practice will guide you through:
– The Marriage Allowance entitlement
- Separation and divorce
- Death of a partner
– How does it work?
- Working part time
- Dividends income
- Elderly exclusion
– Personal allowance
- Non-residential spouse
- Scottish rate of income
If you would like to know any further information about letting out a furnished holiday home, please get in touch, but first talk a read of this month’s Active Practice to find out more. You can download it here:
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If you’d like a meeting or a Skype call to discuss this, please get in touch with your favourite Liverpool accountant
- You can ring us on 0151 380 8080
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