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Personal Taxation

Volume 35: debated on Monday 17 January 1983

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asked the Chancellor of the Exchequer, further to his reply to the hon. Member for Kensington, Official Report, 21 December 1982, c. 499, what level of tax allowance could be financed on a revenue neutral basis in 1982–83 assuming (a) that all tax reliefs and allowances were limited to the standard rate of tax, (b) abolition of the age allowance and (c) replacement of married man's and wife's earned income allowances by non-gender based fixed amount tax allowances which would be partially transferable—to the extent of two-thirds—between husband and wife, assuming (i) independent taxation and (ii) joint taxation of investment incomes for married couples.