Civil Partnerships ' time to advise

Posted by AccountingWEB PM | on Mon, 31/10/2005 - 08:18 13778 2 comments

The secondary legislation needed to implement the Civil Partnerships Act 2004 into tax law has been released in draft.

The new rules mean that same sex couples registering a civil partnership will be treated in the same way as a married couple. The Act comes into force on 5 December 2005, by which time all of the tax changes must be in place.

Continued...

Same as married couple ?

mikewhit | Mon, 31/10/2005 - 17:14 | Permalink

The press claims that the partners will be treated the same way as a married couple - presumably this then includes the ICTA 660a business as well ?

Yes, Mike, it does

andymeeson | Tue, 01/11/2005 - 15:00 | Permalink

The draft Tax And Civil Partnership Regulations 2005 contains (at clauses 186 et seq) provisions amending ITTOIA Chapter 5 (the settlements legislation - what used to be s.660A et seq) so that spouse and civil partner are treated identically.

It isn't just the good stuff - civil partners will have to put up with the bad stuff as well (cf. private residence relief...)