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
If the prediction proves correct, it would mean a typical annual bill could be £500 lower than last summer.
The water firm made 60,000 sewage spills last year but insists river quality is improving.
The latest offer amounted to around a third of what the campaigner had asked for.
Debt Relief Orders are available to those on low incomes to clear existing debt and surged as the fee was axed.
The firm has huge debts and it may have to be taken over by the government if it runs out of money.