Part 3

Personal reliefs
Chapter 2

Personal allowance and blind person's allowance

Personal allowances

Personal allowance for those born before 6 April 1938
37
1
An individual who makes a claim is entitled to a personal allowance of £10,660, or (if greater) the section 35 amount, for a tax year if the individual—
a
was born before 6 April 1938, and
b
meets the requirements of section 56 (residence
etc
).
2
If the allowance under subsection (1) is greater than the section 35 amount, for
an individual whose adjusted net income for the tax year exceeds
£27,700
, the allowance under subsection (1)—
a
is reduced by
an amount equal to half of that excess income
, but
b
is not reduced below
the
section 35 amount
.
2A
In this section “
the section 35 amount
” means the amount of any allowance to which the individual would be entitled under section 35 for the tax year if the individual had been born after 5 April 1948.
3
For the meaning of “adjusted net income” see section 58.
Sum in s. 37(2) substituted (26.3.2015 for the tax year 2015-16) by Finance Act 2015 (c. 11), s. 2(1)(a)
Words in s. 37(2)(b) substituted (17.7.2012) (with effect in accordance with s. 1(8) of the amending Act) by Finance Act 2012 (c. 14), s. 4(4)(b)(iii)
Words in s. 37(2) substituted (17.7.2012) (with effect in accordance with s. 1(8) of the amending Act) by Finance Act 2012 (c. 14), s. 4(4)(b)(i)
S. 37(1) substituted (17.7.2012) (with effect in accordance with s. 1(8) of the amending Act) by Finance Act 2012 (c. 14), s. 4(4)(a)
S. 37(2A) inserted (17.7.2012) (with effect in accordance with s. 1(8) of the amending Act) by Finance Act 2012 (c. 14), s. 4(4)(c)
S. 37 omitted (26.3.2015 for the tax year 2016-17 and subsequent tax years) by virtue of Finance Act 2015 (c. 11), s. 5(5)(11)
Words in s. 37 heading substituted (17.7.2012) (with effect in accordance with s. 1(8) of the amending Act) by Finance Act 2012 (c. 14), s. 4(4)(d)
Words in s. 37(2)(a) substituted (17.7.2012) (with effect in accordance with s. 1(8) of the amending Act) by Finance Act 2012 (c. 14), s. 4(4)(b)(ii)
Words in s. 37(2)(b) substituted (with effect in accordance with s. 4(4) of the amending Act) by Finance Act 2009 (c. 10), s. 4(2)