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
Until Thursday's tragic Air India crash in Ahmedabad, Boeing's 787 Dreamliner had an exemplary safety record.
The chancellor highlights "uncertainty" in the world as economists warn of tax rises if the economy fails to grow.
The BBC understands up to 100 of the brand's 825 UK stores could close as the new owners shake up the business.
Council tax is expected to rise by 5% a year to pay for local services, documents in the Spending Review suggest.
The Food Standards Agency says the labelling on imported chocolate may not list all ingredients.