{
  "url": "https://openlegislation.uk/finance-act-2013/section-49",
  "json_url": "https://openlegislation.uk/finance-act-2013/section-49.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "section/49",
  "kind": "section",
  "number": "49",
  "heading": "Annual allowance: new annual allowance for the tax year 2014-15 and subsequent tax years",
  "text": "(1) Section 228 of FA 2004 (annual allowance) is amended as follows.\n(2) For subsection (1) substitute—\n(1) The annual allowance for the tax year 2014-15 and, subject to subsection (2), each subsequent tax year is £40,000.\n(3) In subsection (2) for “2011-12” substitute “ 2014-15 ”.\n(4) The amendments made by this section have effect for the tax year 2014-15 and subsequent tax years.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/section/49",
    "retrieved_at": "2026-10-28T17:02:16.948797+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}