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 new president accused Beijing of sending fentanyl to Mexico and Canada which ends up in the US.
Squid Game and live sports, including the Jake Paul v Mike Tyson fight, fuelled new memberships.
HMRC denies running a "deliberately poor" phone service in an attempt to push customers online.
Marcus Bokkerink is leaving as the government signals it is serious about growth, the BBC understands.
With the threat of a trade war looming, China's first vice premier says the country wants to boost imports.