Part IIIIncome Tax, Corporation Tax and Capital Gains Tax
Chapter IIncome Tax and Corporation Tax
Income tax charge, rates and reliefs
27Married couple’s allowance etc. in and after 1999-00
1
The Taxes Act 1988 shall have effect for the year 1999-00 and subsequent years of assessment with the following amendments—
a
in section 256(2)(a) of that Act (rate of reliefs given by way of income tax reduction under Chapter I of Part VII), for “15 per cent.” there shall be substituted “10 per cent.”; and
b
in section 347B(5A)(a) of that Act (rate of relief for qualifying maintenance payments), for “the appropriate percentage” there shall be substituted “10 per cent.”.
2
For the purposes only of applying section 257C of the Taxes Act 1988 (indexation) for the year 1999-00, the amounts specified for the year 1998-99 in subsections (2) and (3) of section 257A of that Act (married couple’s allowance for persons of 65 or more) shall be taken to have been £4,965 and £5,025, respectively.