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
As President Trump weighs tariff plans, he will have one eye on the US economy.
The Bank of England wants views on themes for its next series of banknotes, and BBC readers are full of ideas.
Velvet Sundown has racked up hundreds of thousands of streams on Spotify - without anyone even being sure if it's real.
The president wins over sparring factions within his own party to get the bill passed after months of wrangling.
The cross-party committee says the government has failed to gather "basic information".