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.

Internet link: Treasury website