Clause 3
Finance Bill
11:45 am
Peter Atkinson (Hexham, Conservative)
With this it will be convenient to discuss new clause 2—Personal allowances for 2009-10 for those aged over 65
‘(1) For the tax year 2009-10 the amount specified in—
(a) section 36 of ITA 2007, and
(b) section 257(2) of ICTA,
(personal allowance for those aged 65 to 74) is replaced with “£11,490”.
(2) For the tax year 2009-10 the amount specified in—
(a) section 37 of ITA 2007, and
(b) section 257(3) of ICTA,
(personal allowance for those aged 75 and over) is replaced with “£11,640”’.