HB Accountants

March

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
• SDLT relief is introduced for first time home buyers

Please click here to access details of these and other changes on our website. For general information please use the Treasury website link below

Internet link: Treasury website
 

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