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
An agreement to reduce tariffs on UK steel to zero in short order was welcomed with some fanfare in July.
Earnings figures for the three months to July are used for the yearly increase.
A consultation has been launched on proposed changes, which affect 900 roles.
US safety regulators are probing Tesla's electric-powered door handles, responding to reports that they stopped working, leaving children trapped.
The policy has been a success, but economists have raised questions around its fairness and its sustainability.