budget report 2010

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Capital Gains Tax

Exemptions 2010/11 2009/10
Individuals, estates, etc £10,100 £10,100
Trusts generally £5,050 £5,050
Chattels proceeds
(restricted to 5⁄3rds of proceeds exceeding limit)		 £6,000 £6,000
     
Tax Rate – Individuals
To 22/6/10 18% 18%
From 23/6/10 taxable income and post 22/6/10 gains    
To £37,400 18% -   
From £37,400 28% -   
     
Tax Rate - Trusts and estates
To 22/6/10 18% 18%
From 23/6/10 28% -   
 
Entrepreneurs’ Relief – gains taxed at 10%
Lifetime limit to 22/6/10 £2,000,000 £1,000,000
Lifetime limit from 23/6/10 £5,000,000 -

For trading businesses & companies (minimum 5% employee or director
shareholding) held for at least one year.
           

             

Budget Summary

  1. Introduction
  2. Personal and Trust taxation
  3. Capital Gains Tax
  4. Value Added Tax
  5. Miscellaneous issues
  6. National Insurance Contributions (emergency budget

Tax Tables

  1. Basic State Pension
  2. Capital Gains Tax
  3. Car Benefit For Employees
  4. Company Cars
  5. Corporation Tax
  6. Fuel Benefit
  7. Income Tax
  8. Inheritance Tax
  9. Individual Savings Accounts (ISAs)
  10. Main Capital and Other Allowances
  11. Main Due Dates for Tax Payment
  12. Main Personal Allowances and Reliefs
  13. National Insurance Contributions
  14. Registered Pensions
  15. Stamp Duties
  16. Tax-Free Mileage Allowance
  17. Value Added Tax

Emergency Budget 2010 Video

We will be recording our Emergency Budget 2010 seminar and publishing it on the website.

If you would like us to notify you when this recording is released please register your interest below and let us help you to prepare your company for the coming tax year.

Simply enter your contact details below and we will be in touch as soon as it is ready to watch.

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Recordings of our Budget 2010 seminars are already available to view.

Click here to watch our Budget 2010 Seminar.

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Download our PDF Summary

We've summarised all of the key points of the budget in the following documents

Budget Summary Tax Facts