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.
UK News
The chancellor is set to meet her US counterpart to make the case for a bilateral trade deal.
Not owning crucial code has meant it has been unable to replace the system that led to a scandal.
Several firms have cut their profit forecasts or withdrawn them citing economic uncertainty.
The US state expresses worries that President Donald Trump's tariffs could stunt future growth.
China denies any trade talks with the US as it calls for sweeping tariffs to be cancelled.