Budget Tax Tables 2010/11
I have pleasure in attaching a link to our tax tables following the pre-election Budget and I hope you find these to be a useful source of reference.
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2010/11 Tax Tables |
Some of the most significant features for individual tax payers are:
- Restriction of higher rate relief for certain pension contributions.
- Increased contribution limits for ISAs.
- The increase in the stamp duty land tax threshold to £250,000 for first time buyers.
- The rise in the stamp duty land tax rate from 4% to 5% for purchases of residential property costing over £1m starting 2011/12.
- The doubling of capital gains tax entrepreneurs' relief to £2m.
The tables may prompt you to consider reviewing aspects of your tax and financial planning. If this is the case, please do not hesitate to contact me.
