Budget Analysis 2011 – Charities

4. Charities and Gift Aid Changes will be introduced to increase the value of benefits that gift aid donors may receive as a result of making a donation of more than £10,000 to a charity.  The limit will increase from £500 to...

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Budget Analysis 2011 – Land Tax

5. Stamp Duty Land Tax Where purchasers of residential property acquire more than one property the transactions can be linked, as a result of which the rate of SDLT relates to the aggregate price for all the linked properties. Legislation will be...

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Budget Analysis 2011 – Anti-avoidance

6. Anti-avoidance Measures a. Sale of Lessor Companies New legislation will be introduced in Finance Bill 2011 to ensure that the anti-avoidance measures in relation to the sale of lessor companies continue to be effective.  The new rules will...

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Budget Analysis 2011 – Indirect Taxes

7. VAT and other Indirect Taxes There were no VAT surprises.  The registration limits will increase to £73,000 from 1 April 2011.  The de-registration limit will increase to £71,000 from the same date. Low value consignment...

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Budget Analysis 2011 – Tax Simplification

8. Office of Tax Simplification (OTS) Review The OTS published their final report on 3 March 2011, recommending the abolition of a number of reliefs. Finance Bill 2011 will remove some reliefs that have no further use, are poorly targeted or are...

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