Entrepreneurs
View Deloitte's summary and analysis on the measures affecting entrepreneurs announced in the 2010 Budget.
A welcome enhancement to entrepreneurs' relief doubling the relief from £1m to £2m of lifetime capital gains.
The annual investment allowance
has doubled to £100,000 from April 2010.
A patent box regime, applying a 10% rate of corporation tax on income from patents from April 2013.
From October 2010, small businesses occupying
properties with rateable values of less than £6,000
will pay no rates for one year.
Other Entrepreneurs measures
- Additional 5% rate for residential property
- Administrative services for start-ups
- Anti-avoidance measure for partnerships
- Anti avoidance - taxation of earnings
- Business rates and empty property relief
- Capital gains tax: increase in lifetime limit on entrepreneurs' relief
- Company share option plans: anti-avoidance
- Disclosure of tax avoidance schemes
- Employer supported childcare - relaxation of conditions
- Enterprise management incentives
- First time buyer exemption
- Green measures
- Income tax rates, rate limits and personal allowances 2010/11
- Inheritance tax - nil rate band
- Limiting tax deductions: close companies
- Pensions tax
- Review of HMRC powers: penalties for late filing of returns and payment of tax
- Security for payment of PAYE from employers with history of non-compliance
- Tackling offshore tax evasion
- Time to pay and business payment support service
- Venture Capital Trusts
- Video game relief
- Zero and low emission cars and vans
- Zero-emission goods vehicles
