The Income Tax (Indexation) (No. 3) Order 2008
| Jurisdiction | UK Non-devolved |
| Citation | SI 2008/3023 |
| Year | 2008 |
2008 No. 3023
Income Tax
The Income Tax (Indexation) (No. 3) Order 2008
Made 24th November 2008
The Treasury make the following Order in compliance with the duties imposed upon them by sections 21(5) and 57(6) of the Income Tax Act 20071.
Citation and interpretation
1.—(1) This Order may be cited as the Income Tax (Indexation) (No. 3) Order 2008.
(2) In this Order references to sections, without more, are references to sections of the Income Tax Act 2007.
Indexation of rate limits for tax year 2009-10
2. For the tax year 2009-10 the amount specified in section 10(5) (basic rate limit)2is replaced with “£36,600” .
3. For the tax year 2009-10 the amount specified in section 12(3) (starting rate limit for savings)3is replaced with “£2,440”.
Indexed amounts for the tax year 2009-10
4. For the tax year 2009-10—
(a) the amount specified in section 35 (personal allowance for those aged under 65)4is replaced with “£6,345”;
(b) the amount specified in section 36(1) (personal allowance for those aged 65 to 74)5is replaced with “£9,490”;
(c) the amount specified in section 37(1) (personal allowance for those aged 75 and over)6is replaced with “£9,640”;
(d) the amount specified in section 38(1) (blind person’s allowance)7is replaced with “£1,890”;
(e) the amount specified in section 43 (tax reductions for married couples and civil partners: the minimum amount)8is replaced with “£2,670”;
(f) in section 45(3) (marriages before 5th December 2005)—
(i) the amount specified in subsection (3)(a) (married couple’s allowance: one spouse aged 75 or over)9is replaced with “£6,965”, and
(ii) the amount specified in subsection (3)(b) (married couple’s allowance: one spouse aged less than 75 and born before 6th April 1935)10is replaced with “£6,865”;
(g) in section 46 (marriages and civil partnerships on or after 5th December 2005)—
(i) the amount specified in subsection (3)(a) (married couple’s allowance: one spouse or civil partner aged 75 or over)11is replaced with “£6,965”, and
(ii) the amount specified in subsection (3)(b) (married couple’s allowance: one spouse or civil partner aged less than 75 and born before 6th April 1935)12is replaced with “£6,865”; and
(h) the amount specified in each of sections 36(2), 37(2), 45(4) and 46(4) (adjusted net income limit)13is replaced with “£22,900”.
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