HC Deb 10 November 1977 vol 938 c182W
40. Miss Fookes

asked the Chancellor of the Exchequer if he will take steps to end the situation whereby a wife's investment income is added to her husband's income.

Mr. Denzil Davies:

I have no proposals at the present time for altering the long-established principle of aggregation as it applies to a married couple's investment income. A wife can, of course, opt for separate assessment of her own income, including her investment income, if she so wishes, though this does not affect the total tax due on the joint income.