Spousal tax breaks for unmarried couples – TaxBack

from the blog.

happy couple

Spousal tax breaks for unmarried couples

Until now, under the UK tax system, spousal tax breaks for unmarried couples were not available. According to a recent landmark decision by the Supreme Court, these benefits will now be available to unmarried couples too.

The Supreme Court ruled on the basis that it’s a breach of human rights to discriminate based on sexual orientation, or living together without being married.

In New Times

The case filed in courts involved a heterosexual couple who had decided not to marry, considering it an infringement of their basic human rights to be denied the rights enjoyed by same-sex couples in civil partnerships and married couples.

The public is concerned about how the government would respond to this ruling, though it won’t have any direct bearing on the UK tax system.

Spousal Tax Breaks for Unmarried Couples

A simple option would be to allow heterosexual couples also the right to enter into a civil partnership, and thereby enjoy the same tax benefits available to the other couples. These benefits include the transfers of chargeable assets between partners being free of capital gains and inheritance taxes; and the ability to transfer spare personal allowances from one partner to the other under certain circumstances.

Enjoyed this article about Spousal tax breaks for unmarried couples? Click here to get to know about UK Tax Returns and  PAYE Tax Rebates Online

Related To You – UK PAYE Tax Returns



Related Posts

Tax on Shopping and Services in UK

Tax is the amount which users pay on products that they purchase. The rules, mathematical interpretations and other constituents vary from one country to the other. If you are living in the United Kingdom, a certain tax model would be...

Tax Return to Complete? 5 Costly Self-assessment Mistakes to Avoid

Leaving your tax return until the last minute could be a costly mistake. If you miss the deadline, you will be charged with penalties. And if you rush and make a mistake, it could lead to incorrect submissions and tax...

What to Do if You No Longer Need to Complete a Tax Return

When dealing with Paye tax refund, or tax return, you need to be on the ball and act quickly. Delays usually mean fines and penalties. HMRC expects a tax return on time, and if you think you no longer need...

Leave a Reply

Translate »