Entrepreneur's relief was extended in today's emergency Budget as George Osborne set out plans to kick-start the economy by rejuvenating the private sector.
Economists are broadly positive on measures announced in the emergency Budget and are scrambling to revise their own growth forecasts in light of the austerity measures.
The Government could rescue the tax General Anti-Avoidance Rule (GAAR), which was dismissed by Labour as "unworkable".
Here are all the key facts from yesterday's "tough but fair" Budget.
So is this the day that Young George Osborne came of age? It could well be
The Government is to introduce the final changes to VCTs which were agreed with the European Union.
Individuals, trustees and personal representatives of deceased persons will be hit by a CGT rise to 28% for higher rate income taxpayers from midnight tonight.
The Government will scrap the rule which creates an effective obligation to purchase an annuity by age 75.
The government will scrap the rule which creates an effective obligation to purchase an annuity by age 75.
Harriet Harman, deputy leader of the Labour Party, has blasted the coalition Government's emergency Budget as "reckless" and says it will "pull the rug from the UK economy."