Chapter 2 - 2.2 - Personal Allowance Flashcards
1
Q
How much is the personal allowance for the tax year 2023/2024?
A
£12,570
2
Q
When is the PA available in full?
A
In the tax year of birth/death
3
Q
What is the PA only available against?
A
Income, not in the calculation of other taxes (e.g capital gains tax)
4
Q
A
