Taxes Consolidation Act, 1997 (Number 39 of 1997)
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464 Age allowance.
[FA74 s8(1); FA80 s19 and Sch1 PtIII par4; FA97 s3(1) and (3) and Sch1 par2]
Where for any year of assessment an individual is entitled to a deduction under section 461 and proves that at any time during that year of assessment—
(a) the individual, or
(b) in the case of a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, either the individual or the individual’s spouse,
was of the age of 65 years or over, the individual shall, in addition to the allowance to which the individual is entitled under section 461 for that year of assessment, be entitled to a deduction of—
(i) in a case where the individual is a married person whose spouse is living with him or her and the individual is assessed to tax in accordance with section 1017, £800, and
(ii) in any other case, £400.
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464 Age allowance.
(1) In this section—
“appropriate percentage”, in relation to a year of assessment, means a percentage equal to the standard rate of tax for that year;
“specified amount”, in relation to an individual for a year of assessment, means—
(a) £1,600, in a case where the individual is a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, and
(b) £800, in any other case.
(2) Where for any year of assessment an individual is entitled to a reduction of income tax under section 461 and proves that at any time during that year of assessment—
(a) the individual, or
(b) in the case of a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, either the individual or the individual’s spouse,
was of the age of 65 years or over, the income tax to be charged on the individual, other than in accordance with section 16(2), for that year of assessment shall be reduced by a further amount which is the lesser of—
(i) an amount equal to the appropriate percentage of the specified amount in relation to the individual for that year, or
(ii) the amount which reduces that income tax to nil.
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464 Age tax credit.
Where for any year of assessment an individual is entitled to a basic personal tax credit under section 461 and proves that at any time during that year of assessment—
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(a) the individual, or
(b) in the case of a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, either the individual or the individual’s spouse,
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(a) the individual,
(b) in the case of a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, either the individual or the individual’s spouse, or
(c) in the case of a civil partner whose civil partner is living with him or her and who is assessed to tax in accordance with section 1031C, either the individual or the individual’s civil partner,
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was of the age of 65 years or over, the individual shall, in addition to the tax credit to which the individual is entitled under section 461 for that year of assessment, be entitled to an additional tax credit (to be known as the “age tax credit”) of—
(i) in a case where the individual is [10]>a married person whose spouse is living with him or her and the individual is assessed to tax in accordance with section 1017,<[10][10]>a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, or a civil partner whose civil partner is living with him or her and who is assessed to tax in accordance with section 1031C,<[10] [3]>£238<[3][4]>[3]>€408<[3]<[4][5]>[4]>€410<[4]<[5][6]>[5]>€500<[5]<[6][7]>[6]>€550<[6]<[7][8]>[7]>€650<[7]<[8][8]>€490<[8], and
(ii) in any other case, [3]>£119<[3][4]>[3]>€204<[3]<[4][5]>[4]>€205<[4]<[5][6]>[5]>€250<[5]<[6][7]>[6]>€275<[6]<[7][8]>[7]>€325<[7]<[8][8]>€245<[8].
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Substituted by FA00 s8(a). Applies as respects the year of assessment 2000-2001 and subsequent years of assessment.
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Substituted by FA01 sched1(1)(j). Applies as respects the year of assessment 2001 and subsequent years of assessment.
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Substituted by FA01 sched1(2)(f). Applies as respects the year of assessment 2002 and subsequent years of assessment.
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Substituted by FA02 sched1(e). Applies as respects the year of assessment 2002 and subsequent years of assessment.
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Substituted by FA06 sched1(e). Applies as respects the year of assessment 2006 and subsequent years of assessment.
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Substituted by FA07 sched1(e). Applies as respects the year of assessment 2007 and subsequent years of assessment.
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Substituted by FA08 sched1(e). As respects the year of assessment 2008 and subsequent years of assessment.