What does the Budget really mean to you?

Confused by it all? Would you like an explanation of what it really means to you, your family or your business? Well look no further, our summary focuses on these exact issues.

Main Budget Proposals:

• Introduction of a 50% top rate of tax for those with income over £150,000 from 2010 and phased reduction of personal allowances for those with income over £100,000.
• Increases in ISA limits from October this year for those aged over 50 and for everyone from April 2010.
• Enhanced relief for trading losses extended by a further year.
• Short term increase in capital allowances on most plant and machinery.
• Extension of the furnished holiday lettings scheme to properties in the EEA but then the removal of the scheme completely from April 2010.
• Names of deliberate tax defaulters to be published where default was tax in excess of £25,000.