# Income Tax Act 2007, Section 35: Personal allowance

Extent: E+W+S+N.I.

(1) An individual who makes a claim is entitled to a personal allowance of £12,570 for a tax year if the individual meets the requirements of section 56 (residence etc).
(2) For an individual whose adjusted net income exceeds £100,000, the allowance under subsection (1) is reduced by one-half of the excess.
(3) If the amount of any allowance that remains after the operation of subsection (2) would otherwise not be a multiple of £1, it is to be rounded up to the nearest amount which is a multiple of £1.
(4) For the meaning of “adjusted net income” see section 58.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/35 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.