Individuals
View Deloitte's summary and analysis on the measures affecting individuals announced in the 2010 Budget.
A summary of the responses to last December's consultation document on how to implement the restriction of higher rate relief on the pension savings of high income individuals from 6 April 2011.
There will be incremental penalties for
individuals failing to report offshore income
and gains, with penalties hitting 200% of tax
for deliberate and concealed evasion.
A welcome enhancement to entrepreneurs' relief doubling the relief from £1m to £2m of lifetime capital gains.
An extension of the freeze of the nil rate
band until 2014/15.
Other individuals measures
- Administrative services for start ups
- Alternative property refinancing arrangements
- Disclosure of tax avoidance schemes
- Double tax avoidance relief
- Enterprise management incentives
- Extending charity tax reliefs to certain european organisations
- Extending the scope of the remittance rule
- HMRC compliance checks regarding excise duties
- Income tax adjustments between settlors and trustees
- Income tax rates, rate limits and personal allowances 2010/11
- Individual Savings Account (ISA): limits from 6 April 2011
- Life insurance policies deficiency relief
- Special guardianship orders and residence orders
- Taxation of Financial Services Compensation Scheme interventions
- Tax changes for certain trusts compensating asbestos victims
- Transactions in securities - anti-avoidance
- UK charity tax reliefs
- Venture Capital Trusts
