Jersey:
Taxation In Jersey - Personal Allowances and Exemptions
26 March 1999
KPMG
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Individuals are entitled to a range of personal allowances varying with age, marital status and number of children and dependants and whether the assessable income was earned or investment income.
For 1996 a single person is entitled to an allowance of £2,600 and a married couple are entitled to £5,200. Earned income relief is available on 25% of earned income up to a maximum of £3,400 for both single persons and married couples, with wife's additional earned income relief of £3,740 and child allowance of £2,200 per child. There are exemption levels of income in Jersey below which no tax is payable to protect lower paid individuals.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.
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