The Mudcat Café TM
Thread #169021   Message #4084166
Posted By: Bonzo3legs
19-Dec-20 - 02:48 PM
Thread Name: BS: CGT trap for separating couples!
Subject: RE: BS: CGT trap for separating couples!
Marriage allowance is a tax perk that benefits couples where one partner earns less than the personal allowance. If you're married or in a civil partnership, you can transfer any unused personal allowance from the lower-earning partner to the higher earner. Up to £1,250 can be transferred in 2020-21, potentially saving you up to £250. To qualify, the higher earner must be a 20% taxpayer.