Income Tax Act 2007 section 43

Meaning of "the minimum amount"

Section 43 defines "the minimum amount" used in calculating the married couple's allowance, setting a floor below which the allowance cannot be reduced.

• The minimum amount for the married couple's allowance is set at £3,640.
• The married couple's allowance provides a tax reduction calculated as a percentage of a specified allowance amount.
• The actual allowance depends on the ages of the couple and the claimant's income level, but it can never fall below the minimum amount.
• The minimum amount is periodically updated by statutory instrument, most recently by the Income Tax (Indexation of Blind Person's Allowance and Married Couple's Allowance) Order 2021.