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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
Critical questions for your business
Are you paying too much tax?
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Will your business meet your retirement needs?
Have you a succession, retirement or exit strategy?