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 court ruling raises the real question about whether the wider so-called reciprocal tariffs due in July will ever come in to effect.
The news has grabbed prompted questions, but the impact on UK-US trade could be minimal.
The Trump administration said it would appeal against the ruling shortly after it was announced.
The government says its overhaul of retirement savings will boost growth and pension pots.
Chilean salmon producers are being criticised for operating in some of the country's national parks.