Budget 2008 Introduction Personal Income Tax Tax Credits National Insurance Contributions Employees Savings Capital Gains Tax Inheritance Tax Stamp Duty Land Tax Corporation Tax Business Tax Value Added Tax Other Measures Tax Tables National Insurance

Stamp Duty Land Tax Zero-carbon flats Purchasers of new "zero-carbon" flats with a price of up to £500,000 will enjoy a new exemption from Stamp Duty Land Tax. This relief is to be backdated to 1 October 2007. Small share transfers With effect from Budget Day, the transfer of stocks and shares for a consideration of up to £1,000 will be exempt from Stamp Duty. Previously a £5 minimum charge applied. Shared ownership properties In a shared ownership scheme a tenant purchases part of his house, pays rent for the remainder and is given an option to acquire the reversion. With effect from Budget Day, buyers of shared ownership properties will only pay Stamp Duty Land Tax when they acquire the final 20% of the property, unless they choose to pay the tax upfront.