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 retail giant is still not taking online orders following a cyber attack three weeks ago.
The planned layoffs mean the Japanese carmaker has now cut about 15% of its workforce in the past year.
The number of workers on payrolls fell in the first three months of the year, official figures show.
Chinese online retailers had previously relied on the "de minimis" loophole to ship low-value items to the US.
Trade wars and volatile markets have contributed to a gold rush, but investors shouldn't put all their eggs in this one basket, warn experts