This document contains a short explanation of Capital Gains Tax, the allowances available in the 2024/25 tax year, and how you can use it in your year end tax planning.
General
This section contains miscellaneous & general financial information that you may find useful when dealing with certain life events.
Civil partnerships in the United Kingdom, granted under the Civil Partnership Act 2004, allow couples to obtain essentially the same rights and responsibilities as marriage. Initially the Act permitted only same-sex couples to form civil partnerships. This was altered to include opposite-sex couples in 2019. Though from March 2014 full same-sex marriage was legalised in England, Scotland and Wales, civil partnership remains available. Designed to be very much equivalent to marriage for same sex couples, a civil partnership carries both rights and responsibilities, in very broad terms, attracting the same legal and tax protections/advantages/disadvantages as a traditional marriage. This article explains further.
A short explanation of Inheritance Tax and how to plan for it in your tax planning.
UK News
The Government is boxed in from this week's events - and lacks the Houdini skills to escape, says the BBC's Faisal Islam
Canada had been hoping to secure a trade deal with the US next month to avoid steep tariffs.
The manufacturer has admitted it is "actively exploring" options amid talks of a move to the United States.
The changes could cost up to £3bn which will have to come from higher taxes or cuts elsewhere, given the chancellor's self-imposed borrowing rules.
Plans to help those affected by benefits cuts into work are not "properly considered", officials tell the BBC.