Budget 2009

Introduction

Personal Income Tax

Tax Credits

National Insurance Contributions

Employees

Savings & Investments

Capital Gains Tax

Stamp Duty Land Tax

Inheritance Tax

Corporation Tax

Business Tax

Value Added Tax

Other Measures

Tax Tables

National Insurance


Inheritance Tax

Rates and threshold

There are no changes to IHT rates. As previously announced, the nil rate threshold rose on 6 April 2009 to gifts of up to £325,000.

Agricultural property

A 100% relief from IHT applies to the agricultural value of agricultural property. Up to now, the relief has only been available for land situated in the UK. From 22 April 2009, land anywhere in the European Economic Area can qualify. It will also be possible to claim the relief retrospectively where a charge arose on a transfer, including a death, from 22 April 2003. Claimants will have at least a year from 22 April 2009 to ask for a refund.

 


Website designed by
flamenewmedia.com

budget 2014 | budget 2013 | budget 2012 | budget 2011 |
budget 2009| budget 2008 | budget 2007 | budget 2006 | budget 2005 | budget 2004 |
budget 2003 | accountants | about us | services | testimonials | links | map | contact us |
Regulated by the Association of Chartered Certified Accountants