Kwasi Kwarteng, in his new role as chancellor, unveiled his plans for growth, bringing down inflation, backing businesses, and helping households. Although much of its content was already known, it still contained a few surprises. What changes have been made to personal taxation? The mini-budget has delivered a variety of tax cuts, including: Income tax:
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HMRC intends to change the rules on transferring assets between spouses and civil partners who are in the process of separating and are no longer living together. What are the current rules? Currently, spouses and civil partners can transfer assets between themselves without any tax ramifications, up to, and including, the year they permanently separate.
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Having a baby is one of the most exciting, life-changing events you’ll ever experience. But along with the joy and happiness that comes with starting a family, there is also the reality of the added costs. On average, in 2021, the total cost of raising a child to the age of 18 now stands at
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