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Finance Act 2012

Details of the Section

2.Subsection 1 replaces the existing amount of the personal allowance for those aged under 65 in section 35(1) of the Income Tax Act 2007 (£7,475) with £8,105 for 2012-13.

3.Subsection 2 disapplies the indexation provisions for the personal allowance for those aged under 65 for 2012-13.

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