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
The scheme will be delivered in phases, starting with upgrades to lines between Leeds, York, Bradford and Sheffield.
There will still be digital checks on those starting a new job, but people will not need to hold a digital ID.
Nvidia has been caught in a tug-of-war between the US and China as the countries compete for AI dominance.
Previous plans for a high-speed rail line between the cities were scrapped by Rishi Sunak's government.
Finance Secretary Shona Robison unveils the government's tax and spending plans for the coming financial year.