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 Chancellor will unveil plans to cut bureaucracy as the government continues its bid to slash red tape.
If it does collapse, who will pay and how much?
More than 1,300 staff placed on administrative leave as White House accuses VOA of being anti-Trump, "radical" and "leftist".
People on long-term sickness and disability benefits have told the BBC they fear how cuts will affect them.
Snag clothing is cited in an online debate over whether adverts showing models who appear "unhealthily fat" should be banned.