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
The Transport Secretary says it would make "no sense" to have the line terminate in west London.
The tax on brandy imports is being seen by critics as a retaliatory move for recent EU tariffs on Chinese-made electric cars.
The platform wants customers to go 'green' as it tries to boost the take-up of electric cars.
Water companies must reduce customers' bills over poor performance but it will have a small impact.
The deal to save the chain will see more than 30 of its restaurants close.