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
Data suggests companies are not recruiting or are holding off replacing people who have left.
The US will hold its levy on Chinese imports at 30%, while China will keep a 10% tariff on American goods.
The watchdog is setting up a compensation scheme for motorists sold unlawful car finance deals.
The internet service which soared in popularity in the 1990s will come to an end from 30 September
A complaint raises concerns about the funding risks and a "toxic" culture at the Alan Turing Institute.