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Civil Partnership

[ˈsɪvl ˈpɑːtnəʃɪp]

Term

Summary:

Civil Partnership offers a legally binding relationship alternative to marriage. Like married couples, civil partners can take advantage of some tax benefits.

More detail:

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.

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