Table of contents
- What has changed for cohabiting couples regarding tax in the last few years?
- What are the key differences regarding the rights of married couples and unmarried couples in terms of inheritance tax (IHT) and capital gains tax (CGT), and bereavement benefits?
- IHT
- CGT
- Pensions and state bereavement benefits
- What are the main barriers to changing the taxation process for cohabiting couples? What are the benefits and risks?
- Are there any plans to make changes to the taxation process for cohabiting couples in the near future?
Article summary
Family analysis: In the second of a three-part series, Andrew Goldstone, a partner at Mishcon de Reya specialising in tax law, analyses the legal rights of unmarried cohabiting couples in relation to taxes and inheritance. Goldstone raises the stark differences in the rights between married and unmarried couples and the ‘unsympathetic’ nature of tax law towards couples who do not wish to marry.
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