<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3c.org/TR/1999/REC-html401-19991224/loose.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"><head><title>/June LiveWire</title> <meta http-equiv="Content-Type" content="text/html; charset=unicode"> <style type="text/css"> <!-- body { margin-left: 0px; margin-top: 0px; margin-right: 0px; margin-bottom: 0px; } --> </style> <meta content="MSHTML 6.00.6000.17063" name="GENERATOR"></head> <body> <div align="center"> <table width="550" border="0"> <tbody> <tr> <td valign="top" bordercolor="#0" height="859"> <table height="76" width="550" border="0"> <tbody> <tr> <td width="9" height="30">&nbsp;</td> <td width="211"><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">&nbsp; </span></td> <td width="189" rowspan="2"> <div align="right"><span style="FONT-SIZE: 12px; COLOR: #213b72; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none"></span>&nbsp;</div> <div align="right"><span style="FONT-SIZE: 12px; 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COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><span style="FONT-SIZE: 11px; COLOR: #000000; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><img height=28 alt=LIVEWIRE src="http://www.rjpbackup.plus.com/livewire_logo.jpg" width=180> </span></strong></span></span></strong></span></p> <p><span style="FONT-SIZE: 11px; COLOR: #000000; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><span style="FONT-SIZE: 11px; COLOR: #000000; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"></span></strong></span></span></strong></span><span style="FONT-SIZE: 11px; COLOR: #000000; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><span style="FONT-SIZE: 11px; COLOR: #000000; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong>The monthly newsletter from <br>Robert James Partnership</strong></span></span> </strong></span></p></td> <td width="116"> <div align="right"><span style="FONT-SIZE: 12px; COLOR: #213b72; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none"> <div align="right"><img height="70" alt="Robert James Partnership - Graphic" src="http://www.rjpbackup.plus.com/livewire_bannerbeans.jpg" width=176></div></span></div></td> <td width="3">&nbsp;</td></tr></tbody></table> <table cellspacing="0" cellpadding="0" width="550" border="0"> <tbody> <tr> <td width="14" height="1"></td> <td width="530" bgcolor="#213b72"></td> <td width="6"></td></tr></tbody></table> <table height="780" cellspacing="0" cellpadding="0" width="550" border="0"> <tbody> <tr> <td height="12"></td></tr> <tr> <td width="14" height="768">&nbsp;</td> <td valign="top" width="205"> <table style="WIDTH: 205px; HEIGHT: 402px" cellspacing="0" cellPadding=7 width=205 bgColor=#ffffff border=0> <tbody> <tr> <td style="BORDER-RIGHT: #264099 thin solid; BORDER-TOP: #264099 thin solid; BORDER-LEFT: #264099 thin solid; BORDER-BOTTOM: #264099 thin solid; BACKGROUND-COLOR: #ffffff" vAlign=top height=402><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><font size=4> <p align="left"><img height="33" alt="Robert James Partnership Logo" src="http://www.rjpbackup.plus.com/rjp_logo.jpg" width=75></p></font></span> <p align="center"><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><font size=4><strong>LiveWire -&nbsp;June 2010</strong></font> </span><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"></span></p> <p align="center"><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">There was a definite buzz in the air before&nbsp;last week's emergency Budget, and it was certainly the most exciting for some time.&nbsp;</span></p> <p align="center"><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">Overall we thought it was&nbsp;cleverly put together&nbsp;with well thought out legislation - let's hope it has the right impact.</span></p> <p align="center"><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">In this Livewire, we include our&nbsp;interpretation of the Budget announcements,&nbsp;with a slightly different perspective to the headlines you must all have read by now.&nbsp; We review why it was a good Budget for business, the CGT impacts and the u-turn&nbsp;on the holiday lettings rules.&nbsp;</span></p> <p align="center" style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">Don't forget, we are on Twitter - follow @taxtalkrjp for our latest blogs and comment throughout the month.</p> <p align="center" ><span style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">As always we would love to hear from you if you have any topics you would like to see featured in LiveWire.</span></p> <p align="center" style="FONT-SIZE: 12px; COLOR: #000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">Please contact Lesley Stalker, Simon Paterson or Paul Webb on 0870 2255220 for more information.</p></td> </tr></tbody></table> <p style="FONT-SIZE: 16px; COLOR: #213b72; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong>Find out more about RJP at <a style="FONT-SIZE: 16px; COLOR: #213b72; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.rjp.co.uk">www.rjp.co.uk</a></strong> </p> </td> <td width="13">&nbsp;</td> <td valign="top" width="318"> <table height="103" cellspacing="0" cellpadding="0" width="318" border="0"> <tbody> <tr> <td valign="top" width="43" height="35"><img height="23" alt="Graphic" src="http://www.rjpbackup.plus.com/bean_1.jpg" width=30></td> <td valign="top" width="275"> <p><span style="FONT-SIZE: 14px; COLOR: #5659a6; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong>The Key Measures from the&nbsp;New Government's First Budget</strong></span></p></td></tr> <tr> <td colspan="2" height="58"> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">George Osbourne's first Budget contained a number of key measures.&nbsp; Some will of course be more welcome than others.</span></p> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">Our at-a-glance guide&nbsp;contains a summary of the key measures. </span><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">To</span><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"> find out more click&nbsp;</span><a style="FONT-SIZE: 12px; COLOR: #213b72; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.rjp.co.uk/livewire/2906102.htm" target=_blank>here...</a></p></td></tr> <tr> <td height="13"></td></tr></tbody></table> <table height="104" cellspacing="0" cellpadding="0" width="318" border="0"> <tbody> <tr> <td valign="top" width="43" height="35"><img height="24" alt="Graphic" src="http://www.rjpbackup.plus.com/bean_2.jpg" width=30></td> <td valign="top" width="275"><span style="FONT-SIZE: 14px; COLOR: #f27982; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong>28% is Better than 40%.</strong></span></td></tr> <tr> <td colspan="2"> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br>The increase in the CGT rate from 18% to 28% for gains falling in the higher&nbsp;rate is better than many had expected.&nbsp;&nbsp;In fact rates of 40% or even 50% had been anticipated in the press.&nbsp;</span></p> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">To find out more about this and the other CGT measures in the Budget&nbsp;</span><a style="FONT-SIZE: 12px; COLOR: #213b72; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.rjp.co.uk/livewire/2906103.htm" target=_blank>click here...</a></p></td></tr> <tr> <td height="13"></td></tr></tbody></table> <table height="69" cellspacing="0" cellpadding="0" width="318" border="0"> <tbody> <tr> <td valign="top" width="43" height="35"><img height="24" alt="Graphic" src="http://www.rjpbackup.plus.com/bean_3.jpg" width=30></td> <td valign="top" width="275"><span style="FONT-SIZE: 14px; COLOR: #59b554; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong>UK gets a decent Budget for Business</strong></span></td></tr> <tr> <td bordercolor="#00ff00" colspan="2"> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">In our view, this is the first decent Budget for entrepreneurs and business owners for some time and exactly what the country needs to help rebuild economic activity.</span></p> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"></span><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">For all the details </span><a style="FONT-SIZE: 12px; COLOR: #213b72; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.rjp.co.uk/livewire/2906104.htm" target=_blank>click here ...</a></p></td></tr> <tr> <td height="13"></td></tr></tbody></table> <table height="69" cellspacing="0" cellpadding="0" width="318" border="0"> <tbody> <tr> <td valign="top" width="43" height="35"><img height="24" alt="Graphic" src="http://www.rjpbackup.plus.com/bean_4.jpg" width=30></td> <td valign="top" width="275"><span style="FONT-SIZE: 14px; COLOR: #f48343; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong>Furnished Holiday Lettings -&nbsp;A U-turn</strong></span></td></tr> <tr> <td colspan="2"> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">One of the big budget surprises was the restoration of the furnished holiday let rules.&nbsp; </span></p> <p><span style="FONT-SIZE: 12px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">Abandoned by the previous Government due to EU Legislation these are a welcome return and may mean that now is the time to acquire that place in the sun you have always dreamed of.&nbsp;&nbsp;&nbsp;Click here to </span><a style="FONT-SIZE: 12px; COLOR: #213b72; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.rjp.co.uk/livewire/2906101.htm" target=_blank>read more...</a></p></td></tr> <tr> <td height="13"></td></tr></tbody></table> <table height="34" cellspacing="0" cellpadding="0" width="308" border="0"> <tbody> <tr> <td style="BORDER-RIGHT: #f8991d thin solid; BORDER-TOP: #f8991d thin solid; BORDER-LEFT: #f8991d thin solid; BORDER-BOTTOM: #f8991d thin solid; BACKGROUND-COLOR: #ffe7cc"><img height=30 src="http://www.rjpbackup.plus.com/media_header_wide.jpg" width=308></td></tr></tbody></table> <table height="98" cellspacing="0" cellpadding="7" width="312" border="0"> <tbody> <tr> <td style="BORDER-RIGHT: #f8991d thin solid; BORDER-TOP: #f8991d thin solid; BORDER-LEFT: #f8991d thin solid; BORDER-BOTTOM: #f8991d thin solid; BACKGROUND-COLOR: #ffe7cc" vAlign=top width=302 height=97> <p><strong></strong><strong><a style="FONT-SIZE: 11px; COLOR: #213b72; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.mandadeals.co.uk/m-and-a-news/1263188/no-exit-boost-from-osborne.thtml" target=_blank><strong>Website Article -&nbsp;Budget Covereage&nbsp;-&nbsp;M &amp; A Deals&nbsp;(June 2010)</strong></a></strong></p> <p><strong><a style="FONT-SIZE: 11px; COLOR: #213b72; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.businesszone.co.uk/topic/regulation/first-decent-budget-business-years/28785" target=_blank><strong>Website Article -&nbsp;Budget Covereage&nbsp;-&nbsp;BusinessZone&nbsp;(June 2010)</strong></a></strong></p> <p><strong><a style="FONT-SIZE: 11px; COLOR: #213b72; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-DECORATION: none" href="http://www.businesszone.co.uk/topic/business-trends/emergency-budget-2010-live-coverage-and-reaction/28744" target=_blank><strong>Transcript of Live Budget Covereage&nbsp;-&nbsp;BusinessZone&nbsp;(June 2010)</strong></a></strong></p> </a></td> </tr></tbody></table> <table height="90" cellspacing="0" cellpadding="0" width="318" border="0"> <tbody> <tr> <td width="260" colspan="2"><span style="FONT-SIZE: 13px; COLOR: #213b72; LINE-HEIGHT: 16px; FONT-FAMILY: Arial, Helvetica, sans-serif"><strong>If you have any feedback or suggestions for articles you would&nbsp;like to see please email us at <a href="mailto:post@rjp.co.uk?subject=Livewire">post@rjp.co.uk</a></strong></span></td> </tr> <tr> <td width="58" height=13></td></tr></tbody></table></td></tr></tbody></table> <table cellspacing="0" cellpadding="0" width="550" border="0"> <tbody> <tr> <td style="PADDING-RIGHT: 0px; PADDING-LEFT: 15px; PADDING-BOTTOM: 25px; PADDING-TOP: 15px"> <p style="FONT-SIZE: 10px; COLOR: #000000; LINE-HEIGHT: 14px; FONT-FAMILY: Arial, Helvetica, sans-serif">Robert James Partnership is a trading name of RJP LLP - Chartered Certified Accountants &amp; Chartered Tax Advisers<br> 2 AC Court, High Street, Thames Ditton, Surrey KT7 0SR<br>Registered in England &amp; Wales, Registered No:OC323740<br>Tel: + 44 (0870) 2255220 Fax: +44 (0870) 2255221 Web: www.rjp.co.uk</p></td></tr></tbody></table></td></tr></tbody></table> </div></body></html>