Budget 2010: Entrepreneur relief extended

Entrepreneur's relief - currently applied at a rate of 10% to the first £2m of entrepreneurs' gain - is to be extended to the first £5m of lifetime gains. Additionally, the enterprise finance guarantee scheme supporting small and medium sized businesses' access to bank lending will also be extended. A cut in corporation tax to an eventual figure of 24% and a commitment by the Chancellor not to make steeper cuts in capital spending were also included in a Budget designed to boost businesses and the private sector.  "The corporation tax cut is obviously good news for people like me a...