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
More than 10,000 former firefighters could be missing out thousands of pounds pension payments, their union says.
The future of the chain is in the balance ahead of a crucial court ruling on its restructuring plans.
The move comes after the IMF suggested the change would reduce pressure for "overly-frequent changes to policy".
Supermarkets sold more drinks and fuel sales were up as people "ventured out", the UK statistics body says.
Tensions between the president and the Fed Chair were on full display during Trump's visit.