This document contains a short explanation of Capital Gains Tax, the allowances available in the 2025/26 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
Rising living costs could heap pressure on PM Andy Burnham though it depends what happens in the coming months.
A 2.9% rise in inflation had been widely expected by economists, with Chancellor John Healey saying the Iran war “continues to impact prices here at home”.
The consumer watchdog said they were trying to find out if the three companies were not showing full prices upfront to customers.
It comes after the interest rate on 30-year bonds reached the highest level in almost 20 years.
Initial findings from an RAIB investigation show an "irregularity" at the site near Lewes.