The new calendar year has come and gone and so, as we start the edge closer to the end of the tax year, Neil MacGillivray looks at the planning opportunities available to married couples and civil partners
Historically, married couples and those in civil partnerships have been in a more tax privileged position - such as with income, capital gains and inheritance tax - than those couples who cohabit. Many see this, understandably, as outdated and unfair, and the recent challenge of the Marriage Allowance by Labour also reflects this view. There is an abundance of tax planning opportunities for couples, so for this article I thought I would look at the Marriage Allowance and Married Couples Allowance, both of which are available to those in marriages as well as civil partnerships. Both allow...
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