[ˈsɪvl ˈpɑːtnəʃɪp]
Civil Partnership offers a legally binding relationship alternative to marriage. Like married couples, civil partners can take advantage of some tax benefits.
A Civil Partnership is a legally recognised relationship between two individuals. In the past, it was just for same-sex relationships but has now been opened to everyone in the UK. Unlike marriage, it does not trace its origins back to religion but, it does provides the same legal and tax implications as a marriage.
A couple can register a Civil Partnership if they are both over 18, not close blood relatives, and are not already married or a part of a different Civil Partnership.
Some of these benefits include Civil Partners being eligible for Marriage Allowance and potentially Married Couple Allowance. Also, Capital Gains Tax does not apply when there is transfer of assets between the two partners.
January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.
Read more.webp)
We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!
Read more
The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.
Read more