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 European economy is going to have a tough few years, if new forecasts are correct.
The US president-elect comes into office with a strong economy, but investors hope for more and current highs may be difficult to sustain.
Energy firms will be forced to offer the new tariffs under a proposed shake-up of bills by the regulator.
The retailer says it had not planned for the full impact of recent changes to tax and other government policy.
It appears to be the latest attempt by the Meta boss to build a closer relationship with the incoming president.