App. 6.3 - Principal Tax Allowances & Reliefs (Allowance based system only)
2006/07
2003/04
2007/08
£
2004/05 2005/06 £
£
£
Personal allowances Personal
2,430
2,505 2,580 2,660
Spouse
2,275
2,345 2,415 2,490
Minimum personal allowance (‘top-up’ allowance)
-
-
-
3,500
Additional Single Person
585
605
-
-
Additional Wife
830
855
-
-
Elderly persons
Special senior* citizens (top-up allowance)
-
- 10,000 10,300
*Men aged 65 and over & women aged 60 and over Child relief First child educated in Gibraltar
850
880
910
940
First child educated abroad
955
985
-
-
Each additional child
795
820
-
-
-
-
1,015
1,045
1,425
1,470
2,500
2,575
Each child educated abroad Disabled person relief Disabled person House purchase allowance Deduction Additional (£1,000 max p.a)
11,500 4,000
11,500 11,500 11,500 4,000
4,000
4,000
Social insurance allowance Employee
335
335 335 335
Self-employed
432
432 432 432
875
905
Other reliefs & allowances Nursery school allowance
935
965
Blind person
530
550
570
590
Single parent
2,275
2,345
2,415
2,490
515
1,000
1,030
1,060
Medical insurance allowance
116