Part 3Income tax, corporation tax and capital gains tax

Chapter 1Income tax and corporation tax charge and rate bands

Income tax

24Personal allowances for those aged 65 or more

1

For the year 2004-05—

a

the amount specified in section 257(2) of the Taxes Act 1988 (claimant aged 65 or more) shall be £6,830; and

b

the amount specified in section 257(3) of that Act (claimant aged 75 or more) shall be £6,950.

2

Accordingly, section 257C(1) of that Act (indexation), so far as it relates to the amounts so specified, does not apply for that year.