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
A think tank says a new bank tax could raise £8bn a year, a suggestion that sent bank shares tumbling.
Chief executive Peter Hebblethwaite led the company when it sacked hundreds of staff in March 2022.
The US scraps its de-minimis exemption, meaning no more duty-free entry of small parcels to the US.
A workers union says the email sent in error caused panic and distress.
Lower-price goods will no longer be duty-free, in a move that will affect millions of shipments.