Chapter 9 - 2.2 - Annual Exempt Amount Flashcards
1
Q
Who is entitled to an annual exempt amount each tax year?
A
Every individual
2
Q
How often is someone entitled to an annual exempt amount?
A
Every tax year
3
Q
What is the annual exempt amount (AEA) for the tax year 2023/2024?
A
£6000
4
Q
How much unused AEA can be carried forward or backwards?
A
None
