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.