This document contains a short explanation of Capital Gains Tax, the allowances available in the 2023/24 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
UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.
The party says it offers the "biggest overhaul in a generation" but ministers brand it "pointless".
The UK-based mining giant Anglo American says it has received a takeover proposal from Australia's BHP.
The firm said expenses would be higher this year as it spends heavily on artificial intelligence.
The former Post Office boss was against stopping postmaster prosecutions in 2013, former top lawyer says.