John Perry
Question:368 Mr. Perry asked the Minister for Finance the allowance a person (details supplied) in County Sligo will receive in the budget; and if he will make a statement on the matter. [1956/00]
Written Answers. - Tax Allowances.
I am informed by the Revenue Commissioners that based on the figures included in the recent budget statement and the taxpayer's current level of income, the taxpayer's tax-free allowances for the tax year 2000/01 are estimated as follows:
|
Married Allowance |
£9,400 (standard rated) |
=£4,700 |
|
PAYE Allowance |
£1,000 (standard rated) |
=£500 |
|
Blind Allowance |
£3,000 (standard rated) |
=£1,500 |
|
V.H.I. |
£676 (standard rated) |
=£338 |
|
Mortgage Interest |
£1,080 (standard rated) |
=£540 |
|
Expenses |
(non standard rated) |
=£295 |
|
Table ‘S' Allowance |
=£15,500 |
The balance of the taxpayer's income will be liable to tax at 44%.
The figures will appear in the tax free allowance in the above form because the taxpayer pays tax at the top rate.