Pre-Budget Report 2009 Introduction Personal tax Tax rates and allowances Furnished holiday lettings Pensions and Credits State Pension Rates of tax credit National Insurance Contributions Rates and limits: 2010/11 Rates and limits: 2011/12 Employees Bankers' bonuses Electric cars and vans Cars up to 2012 Car fuel Works canteen Savings Pension contributions Capital Gains Tax Annual exemption and rate Inheritance Tax Rates and threshold Stamp Duty/Stamp Duty Land Tax Extended holiday ends Corporation Tax Rate of tax Business Tax Bank payroll tax Capital allowances Research and development Time to pay Empty property rates relief Value Added Tax Standard rate Flat rate Other Measures Equitable liability Offshore disclosure opportunity Public sector pay and pensions Tax avoidance

Rates and threshold Several years ago increases in the IHT threshold were announced for an extended period, ending with a jump from £325,000 to £350,000 on 6 April 2010. The Chancellor has now decided that this increase will not happen: the threshold will be held at £325,000 (effectively £650,000 for a married couple or registered civil partnership) for 2010/11. Because of falls in property values, only 1 in 40 estates were liable for IHT in the last year. Freezing the allowance will bring more estates into charge when the economy begins to recover. The rate of IHT remains at 20% (lifetime) and 40% (chargeable on a death transfer).