| 释义 |
independent taxation A system of personal taxation introduced in the UK in the fiscal year 1990-91 in which a husband and wife are treated as completely separate and independent taxpayers for both income tax and capital gains tax. The change affects a number of reliefs, primarily the personal allowance, to which every taxpayer is entitled: it also introduced a new married couples allowance. Moreover under this system each spouse is entitled to their own capital gains tax exemption and wives will pay tax on their own income, including their share arising from jointly held property. |