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
President Trump's 'America First' message takes shape, as the rest of the world begins to digest what it might mean for them and global trade.
Business Secretary Jonathan Reynolds says there is no need for tariffs because the US has no goods trade deficit with the UK.
Businesses in the most distress include those in hospitality, leisure and retail, say insolvency specialists.
Your rights explained as residents and businesses count the cost of storm damage.
Businesses which boost their star ratings will have warnings attached to them - fake reviewers will be banned.