Skip to content

Quality Advice Quality Service

Show / hide the search form Menu

A Century Past – a New Decade Ahead

As we start a new decade, we have been reflecting back on the last 10 decades of Greaves West & Ayre.

We hope that you were able to join us at the various events we held over the 12  months of our centenary celebrations. We have also tried to keep a permanent record of what  has occurred over the past 100 years to add to everyone’s memories.

If you have visited our offices recently, you my have seen a display in our reception area  depicting the timeline of our 100 year history.

If not, our centenary timeline is also available on our website and we would encourage you to take a look www.gwa100.greaveswestayre.co.uk. It has captured the interest of quite a few visitors

It has been a pleasure meeting, working with and supporting the many people who have played a part in the history of Greaves West & Ayre. We are looking forward to providing the “Quality Advice – Quality Service” that has allowed us to thrive over the past century for the next 100 years to come.

Back to News and Events

News and Events

Abolition of the Furnished Holiday Lettings Regime

The favourable tax regime for Furnished Holiday Lettings (FHLs) was first introduced in 1984. Forty years later, in the Spring 2024 Budget the then Chancellor of the Exchequer, Jeremy Hunt announced its abolition from 6 April 2025.

Employers’ National Insurance Contributions (NICs)

The biggest revenue raiser in the Budget was the changes to NICs. The increase in Employers’ NICs (increasing from 13.8% to 15% from April 2025) grabbed many of the headlines. What has been largely overlooked is the reduction in “Secondary Threshold” from £9,100 to £5,000. Allied to the increase in the National Living Wage, the changes will particularly affect those in the care, retail, hospitality and cleaning/maintenance sectors.

Inheritance Tax

It is difficult to recollect a more seismic Budget in recent times. The last major changes to Inheritance Tax were made in 2006, but mainly in relation to Trusts. There was an expectation that Inheritance Tax reliefs would be reformed, most likely for landlords who lease out land which qualifies for Agricultural Property Relief (APR). It was considered much less likely that Business Property Relief (BPR) would be reformed, and there was a distinct lack of speculation in this regard.

End of Year Tax Planning

Wednesday 5 April 2025 sees the end of the current Tax Year. Following the new Chancellor's plans to continue to freeze
and in some cases reduce tax-free allowances; it is more important than ever to make the most of some timely tax planning.