Buy-to-let landlords facing cuts in tax relief

I have had quite a few enquiries from Clients regarding the tax changes affecting buy-to-let property investments since the Summer Budget announcements. The worst affected will potentially have to pay more than double on their investment. In cases where the tax rate payable rises above 100% of profit, this will undermine the financial viability of [...]

How Askews can help you under the new pension rules

I just wanted to remind clients of the changes that have come about since the Chancellor announced the new pension rules effective since April 2015. These are quite radical and the new rules allow everyone to take their entire pension pot as cash at retirement, which has turned the world of annuities upside down. Up [...]

CGT on second homes

Neil Askew, March 2015 Napoleon famously called Britain a nation of shopkeepers, but it looks like we’re now becoming a nation of private landlords. It’s certainly happening with a number of my clients in the Coventry and Warwickshire area. One of the main questions I often get asked about is capital gains tax (CGT) on [...]

What expenses can I claim through my business?

Neil Askew, January 2014 Courtesy of Patpitchaya / FreeDigitalPhotos.net If you run a business you can claim expenses on some of your costs. This is a great way to help businesses and give them a greater chance of success. Businesses pay tax on their profits. Therefore when owners/directors claim expenses, that amount is removed and [...]

2014 – Financially fit and healthy

Neil Askew, January 2014 Courtesy of Stuart Miles / FreeDigitalPhotos.net I suspect Christmas and New Year all seem long and gone now and we are all back to work. Many New Year’s resolutions will already have been broken. However, all business owners should commit to making one that will benefit you long term …financially. Most [...]