asked the Minister for Finance if he will state the principal personal reliefs for income tax available in 1938/39 and in 1959/60, taking into account the proposals outlined in the Budget, in a form similar to Table 47, page 75, of the Report of the Committee of Enquiry into Taxation on Industry.
Written Answers. - Income Tax Reliefs.
15.
The information requested is as follows:—
|
(1) |
(2) |
(3) |
|
|
Allowance |
1938-39 |
1959-60 |
|
|
Actual |
Actual |
At 1938 values |
|
|
£ |
£ |
£ |
|
|
Earned |
150 |
||
|
Exemption |
240 |
89 |
|
|
Unearned |
125 |
||
|
Earned Income (Maximum) |
200 |
400 |
148 |
|
Single |
150 |
55 |
|
|
125 |
|||
|
Widower or widow |
175 |
65 |
|
|
Married |
225 |
310 |
114 |
|
Wife's earned income (maximum) |
45 |
45 |
17 |
|
Child |
60 |
100 |
37 |
|
Housekeeper |
45 |
100 |
37 |
|
Dependent relative |
25 |
60 |
22 |
|
Sur-tax limit |
1,500 |
2,000 |
738 |
The figures in Col. 3 have been converted by reference to the retail price index (base 1938=100) of 271 at mid-February, 1959.