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
Ministers say the plans could allow planes to climb more quickly during take off and descend more smoothly.
Mortgage lengths have stayed above 30 years despite some falls in interest rates.
The comments come after Trump said on Friday that China had "totally violated its agreement with us".
The bitter row over how to protect artists in the artificial intelligence age returns to the Lords.
With the NHS and defence getting more funding, cuts to other areas are inevitable, the influential think tank says.