Chapter 2 - 3.8 - Transferable Marriage Allowance

Question 1

How much can a taxpayer transfer to their partner?

Answer 1

£1,260 of their personal allowance

Question 2

What are the conditions for a taxpayer to be able to transfer this money?

Answer 2

• The transferor has no tax liability
• The recipient is a BRTP

Question 3

Eligible couples having the choice of whether or not to claim the marriage allowance is an example of what?

Answer 3

Individual liberty

Question 4

If a couple do decide to transfer some PA, what must the transferor do?

Answer 4

Make the election

Question 5

What should you assume in the exam?

Answer 5

That the taxpayer is single, unless told otherwise