Skip to main content
Legal news

2011 Budget

Jonathan Winston Jonathan Winston
1 min read

For business the main highlights of the recent budget were:

  1. An increase from £5m to £10m in the lifetime limit on capital gains tax which qualifies for Entrepreneurs Relief. This affects disposals after 6 April 2011.
  2. A reduction in the main rate of corporation tax from 28% to 26% from 1 April 2011. Further 1% reductions are scheduled for the next 3 years so that the rate is reduced to 23% by April 2014.
  3. An increase in R&D relief to 200% from 175% for expenditure incurred from 1 April 2011 and a further increase to 225% from April next year. These are subject to EU state aid approval. It is also proposed that the £10,000 minimum expenditure threshold is abolished from next year.

Client feedback

Every part of the process was well explained and dealt with in a swift/timely manner.
Mark
Heidi was very helpful with my compensation application and was able to answer any questions I had in a timely matter
Anonymous
Very efficient and always available to answer any questions
Alastair
Winston Solicitors handled our recent house purchase and sale and provided an excellent service throughout. Sidraa Razaq, supported by Tom McIlroy, exhibited an outstanding professionalism, expertise, and responsiveness from te moment we first made contact, all of which made what was at times a less than straightforward transaction much easier to navigate. I'd have no hesitation in recommending them to others.
Kieran
Excellent service, very efficient and able to answer questions when needed.
Ben
Fast, excellent and highly professional conveyancing solicitors. Cannot recommend highly enough.
Anonymous
Winstons are brilliant, very responsive to messages, professional and patient. Fantastic customer service- face to face and email/telephone. Would 100% recommend!
Lucy
I recently contracted Winston Solicitors to support me in obtaining a grant of probate following the death of a parent. I worked closely with Emily and found her to be supportive, have great communication and be able to navigate the IHT and probate processes very efficiently.
John
Contact Jonathan