March 2010 Budget

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

With the country 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