A short explanation of Inheritance Tax and how to plan for it in your 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.
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.
UK News
Marcus Bokkerink is leaving as the government signals it is serious about growth, the BBC understands.
The government is concerned major compensation for the mis-selling scandal could hurt the car industry.
With the threat of a trade war looming, China's first vice premier says the country wants to boost imports.
An "unsettled economy" is blamed for falling sales of toys for the third consecutive year.
The US president said he is considering imposing new tariffs on Canada and Mexico from 1 February.
