The Tax Benefits of Being Married

There are exemptions for spouses that transfer assets to each other. When a share of this property is transferred to the spouse, there's no capital gains tax to pay. But when the property is sold in the future, both spouses will qualify for an annual exemption for capital gains tax. So you get two lots of tax allowances instead of one when selling the property. And then there's also a potential income tax saving for our hypothetical couple as well. If it's something that you're thinking about, you need to be thinking about it fairly soon so that you can start claiming those benefits as soon as possible. It's worth noting that all rules surrounding married couples apply equally to same-sex couples and