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The Chancellor has delivered his last Budget before the General Election. In a political speech, The Chancellor stated that his Budget was a Budget of choices.

The highlights of the speech include:

• No stamp duty on properties up to £250,000 for first time buyers, for the next two years.
• A new rate of stamp duty of 5% on properties over £1M.
• The nil-rate Inheritance Tax Band to be frozen at £325,000 until 5 April 2015.
• The Annual Investment Allowance to be increased to £100,000 from 1 April 2010.
• The Entrepreneur’s relief threshold to be doubled to £2M from 6 April 2010.

To view our commentary on The Spring 2010 Budget please click here. (PDF 150k)

If you wish to discuss any aspect of this commentary then please contact Mark Hook or your normal client contact.