(ITA 2007, s. 24A)

(Direct Tax Reporter: ¶148-450)

From 6 April 2013, a limit applies to the amount of certain income tax reliefs that may be deducted from income under the Income Tax Act 2007, s. 24. The limit does not apply to charitable reliefs.

From

Amount of cap

6 April 2013(1)

greater of:

• £50,000, or

• 25% of adjusted total income

Notes

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