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
Package holidays from the UK to popular destinations are more expensive but there are ways to cut costs.
The US president has reset the tariffs clock again, leaving Asia's export-driven economies in limbo.
Three men and one woman - aged between 17 and 20 - have been arrested in London and the Midlands.
Chancellor Rachel Reeves is expected to make changes to Isa rules, but what are they and how do they work?
The government is to become the biggest shareholder in the US's only operational rare earths mine.