A husband and wife both claim the basic personal allowance in 2017 -18. The husband's total income
Question:
A husband and wife both claim the basic personal allowance in 2017 -18. The husband's total income for tax purposes is £10,4 00 and the wife's income is £30,000. None of their income is derived from savings or dividends. Calculate the combined tax liabili ty of the couple for the year if:
(a) no election is made to transfer part of the personal allowance
(b) the husband elects to transfer part of his personal allowance to his wife.
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a The husbands income is exceeded by his PA of 11500 so his tax liability is ni...View the full answer
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