BUDGET 2010 - DOUBLING OF ANNUAL INVESTMENT ALLOWANCES TO £100,000

The Chancellor set out his last budget before the general election today. There were few measures of real significance announced, which was probably to be expected, however the surprise increase to the Annual Investment Allowance will be welcomed by businesses with moderate capital investment. It is interesting to note, however, on publication of the Finance Bill on 1 April 2010, several major budget proposals were dropped, including the proposed new Cider tax, and more relevant here, the proposed changes to the Furnished Holiday Let rules.

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