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
MPs call for reform to the savings account which aims to help people save towards retirement or a first home.
The government says workers at the Lindsey plant in Lincolnshire have been "badly let down".
Long before the Air India tragedy, the cause of which is still to be determined, people who had worked on the 787 had raised concerns about the production standards
Ministers hope to reassure wavering MPs after a rebellion over benefits cuts led to a major climbdown.
Prada described the Kolhapuri sandals as "leather footwear" but did not mention its origins, prompting backlash.