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
A major review of the water industry also suggests compulsory smart meters and scrapping the regulator Ofwat.
The airline says it is "determined to eliminate the scourge of oversized bags" on its planes.
Future pensioners are set to be worse off than today's with four-in-10 not saving enough for retirement, says the DWP.
The Cunliffe report has proposed reforms that are deep and wide, but they will take time to take effect.
The company behind the brands Vauxhall, Jeep and Fiat says Trump's 25% tariff on cars has hit trade.