Personal allowance after applying split year treatment

Posted Sun, 17 Sep 2023 13:51:12 GMT by

May I know if the amount of personal allowance and interest / dividend allowance will be adjusted on pro-rata basis after applying split year treatment? e.g. if only 6 months income to be taxable after split year treatment, will the above allowance be calculated as 50%?

Posted Wed, 27 Sep 2023 09:54:35 GMT by HMRC Admin 19

Hi,

No, the allowances are not split.

Thank you.

Posted Tue, 10 Oct 2023 22:57:32 GMT by HKger2102

Hello, HMRC Admin 19, Per your earlier answer, does that mean there will be NO personal allowances or Full personal allowances for the year with split year treatment ? Thank you.

Posted Mon, 16 Oct 2023 11:08:07 GMT by HMRC Admin 5

Hi HKger2102

It depends on which country you are from. If you are entitled to claim personal allowances then it would be the full amount.

Thank you

Cookies on Community Forums