Budget 2012: checklist - Telegraph Taxes Figure to watch out for: £9,000 - A rise in the personal allowance by £895 next year could be the big giveaway for families. Income tax The Chancellor is expected to cut the top rate to 45p from next year, claiming the move would be revenue neutral as fewer people would avoid it. Personal allowance The tax-free threshold is expected to be raised from £8,105 to £9,000 next year at a cost of about £3bn. Stamp duty The Chancellor is almost certain to crack down on the use of foreign companies to buy UK residential property, a wheeze that lets buyers off stamp duty. A new top rate of 6pc could also be imposed on properties worth more than £2m. The measures could raise about £500m. "Tycoon tax" The Liberal Democrats will have scored a victory if a new minimum rate of tax of about 20pc is imposed on the super-rich, to limit the scope of their tax planning. Council tax A new top rate of council tax could be brought in on high-value homes. Pensions Unlikely and unpopular, but possible. The pension tax relief threshold, currently on annual contributions of up to £50,000, could be cut. Corporation tax The Chancellor has already set out a timetable to get it down to 23pc. He could reveal plans to reduce it to 20pc at a cost of about £3bn. National Insurance Employers may be given a year's National Insurance holiday for every employee aged under 25 hired in an effort to boost youth employment. Seed capital Tax reliefs for angel investors could be extended from equity to debt. Fuel duty Due to rise by 3p per litre in August. The motoring lobby is thought to have lost the battle for the rise to be postponed. Other measures Figure to watch out for: £50,000 - Osborne may decide to increase the threshold at which child benefit will be scrapped from £44,000. Tax avoidance The Government is expected to launch a General Anti-Abuse Rule (GAAR) that will require companies to clear their tax planning schemes with HM Revenue & Customs. The Treasury hopes to recover £7bn a year by 2015 by cracking down on avoidance schemes. Child benefit Families with one higher-rate taxpayer are due to lose their child benefit this year to save the Treasury about £2.4bn. The threshold may be raised from £44,000 to £50,000, costing about £200m. Help for North Sea oil The Treasury is expected to begin plans for legally binding contracts tying all future governments into decommissioning tax reliefs. The measure would provide certainty and stimulate more than £20bn of investment, the industry reckons. There would be no cost implications for the exchequer. Controlled foreign companies Measures that provide multinationals confidence that profits earned overseas will not be taxed at the UK rate are expected finally to be unveiled. Media group WPP has indicated it would leave Dublin and relocate its headquarters back in the UK once the measures are confirmed. Infrastructure Changes in capital allowances for machinery, new efforts to encourage pension investment in UK building projects, road tolling, and other attempts to stimulate private sector infrastructure spending are expected. Creative industries Tax reliefs are expected for the film and video game industries. Regional pay deals Plans to scrap national pay rates for nurses, teachers and civil servants may be brought forward.