PM announces marriage tax breaks

Posted on by Naomi

Prime Minister, David Cameron, has announced possible plans for couples to receive tax breaks worth up to £200 after marriage.

If plans are to go ahead, four million couples could benefit from a £1,000 transferable tax allowance from 2015.

Those who could be eligible for this are couples who are both basic rate tax payers, with one person earning less than the personal allowance.

The tax break will also include around 15,000 couples, married under civil partnership.

Talking to the Daily Mail, David Cameron said: “I believe in marriage. Alongside the birth of my children, my wedding was the happiest day of my life.”

The Prime Minister tweeted shortly after the article was published: “The £1,000 marriage tax allowance will apply to straight and gay couples, as well as civil partners. Love is love, commitment is commitment.

The Archibishop of Canterbury, Justin Welby, also praised the idea saying: “We welcome all support for married life and we’re pleased that this initiative includes both married couples and those in civil partnerships.”

David Cameron promised tax breaks to married couples in 2005, during the bid for leadership and was also part of the Conservative’s election manifesto in 2010.

Source: BBC News

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