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Tax rates and allowances (2004/2005)
Rates and allowances for income tax, corporation tax, capital gains tax, inheritance tax and the pension schemes earnings cap are set out below. All allowances, thresholds and limits for 2007/08 have risen in line with statutory indexation and rounding rules.
Income tax allowances	2006/07 (£)	2007/08 (£)
Personal allowance Personal allowance - age 65-74 Personal allowance - age 75 and over	5035 7280 7420	5225 7550 7690
Married couple's allowance -people born before 6 April 1935 Married couple's allowance-age 75 or more Married couple's allowance-minimum amount	6065 6135 2350	6285 6365 2440
Income limit for age-related allowances	20100	20900
Blind person's allowance	1660	1730

Administration Office K&B Accountancy Group 35a Upper Wickham Lane Welling Kent DA16 3AB Tel: 020 8298 6790 Fax: 020 8298 6791 UK Email : admin@kbaccountancygroup.com	Limited Company Services K B Accountancy Group Suite 106 Tower Bridge Business Centre 46-48 East Smithfield London E1W 1AW Tel: 0207 096 8798 Fax: 0207 709 3052 Email : admin@kbaccountancygroup.com
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