News

April 2010

Budget 2010

Alistair Darling presented his third Budget on Wednesday 24 March 2010.

Having acknowledged that the country is emerging from deep global recession and needing to provide a route to long term prosperity he announced a number of new measures.

Main Budget proposals:

• Entrepreneurs’ Relief limit doubled to £2 million
• Annual Investment Allowance doubled to £100,000
• Changes to certain loan write off rules for close companies
• Inheritance tax nil rate band frozen at £325,000 until 2014/15
• SDLT relief is introduced for first time home buyers.

Please see the articles on these specific topics to find out more details of the changes.

Internet link: Treasury website