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Budget 2004
Personal Taxation
Personal Reliefs
Loss of office
£30,000 exempt - subject to conditions
Maintenance to ex spouse
- relief on maximum of £2,210 (£2,150 2003/2004) unless obligation existed on 15 March 1988
- relief restricted to 10%
- applies only where either party was born pre 6 April 1935
Life assurance relief
- relief on pre 14 March 1984 policies 12.5%
Rent a room relief
- rent received on furnished accommodation in an individual's only or main residence tax free £4,250
The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.
This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.
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