RELIEF FOR MARRIED COUPLES Flashcards
1
Q
what is usually better MCA or MA
A
MCA
2
Q
what is MCA
A
tax reducer of 10% on allowance
3
Q
what is age date for MCA
A
6 april 1935
4
Q
date when change from husband to higher salary regarding MCA
A
5 december 2005
4
Q
time-apportion rules for MCA regarding marriage dates
A
count every month where they were married for at least one day in that month (will include the april at the year end)
5
Q
what is the MA
A
A can give B some of their personal allowance. the allowance is x20% to give tax reducer.
6
Q
who gets MA
A
spouses where neither are higher rate
7
Q
how to get both MA and MCA
A
not possible. must choose
