Budget 22 June 2010

1. CGT stays at 18% but only for basic rate taxpayers.
2.?For higher rate taxpayers the rate rises to 28% from midnight tonight.
3.?Entrepreneurs relief stays in place at 10%. The lifetime allowance rises to ?5m. No sign it will cover EMI share option shares.
4.?VAT will rise to 20% from 4 January.
5.?Corporation tax to fall from next April to 27% (20% for "small" companies) - further falls over next 3 years.

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