New Tax Year – allowances have reset
08 Apr 2026The new tax year started 6 April, which means your annual allowances have reset…
Whether you’re an individual or a business owner, managing personal taxes is crucial to avoid penalties and optimise your financial situation. At Galloways, we simplify personal tax planning to ensure you’re paying the right amount of tax while maximising your personal finances.
Are you selling assets or investments? Capital Gains Tax (CGT) can impact your financial plans. We’ll help you understand your CGT obligations and work on strategies to minimize tax liabilities, ensuring you’re making the most of your investment returns.
Inheritance tax can have a big impact on the legacy you leave behind. Our team will help you plan for inheritance tax, ensuring that your estate is managed efficiently and your loved ones are protected. We provide proactive advice to help reduce IHT liabilities and pass on more to your beneficiaries.
Managing trusts and estates can be complex. Whether you’re setting up a trust or managing an existing estate, Galloways is here to guide you through every stage. Our team helps ensure that your assets are protected and that your loved ones benefit as you intended.
If you have international ties, understanding the tax implications in different countries is crucial. Our experts provide tailored advice to ensure you’re fully compliant with international tax laws and help you navigate the complexities of cross-border tax planning.
MTD doesn’t only apply to businesses—it affects landlords and property owners too. Whether you’re a sole trader or a landlord managing multiple properties, we’ll ensure your tax affairs are MTD-compliant and running smoothly. Let us help you stay ahead of the curve.
It’s been a tough few years for landlords and we have a lot of them to look after. Our tax teams have been helping landlords ensure they pay what they have to by advising on different corporation strategies, ensuring they plan in advance for year end and minimising the share of their profits taken by HMRC.
If you’re facing a tax investigation or dispute, the last thing you want is to go through it alone. Our experienced team can help you navigate HMRC inquiries, resolve disputes, and ensure the best possible outcome. You can rely on us for advice and support every step of the way. Find out about our Tax Investigation Service here (Link PDF)
The new tax year started 6 April, which means your annual allowances have reset…
HMRC and Companies House have confirmed that from 1 April, all businesses must use…
Capital allowances continue to provide an effective method for businesses to reduce their tax…
Directors and employees claiming work-from-home tax relief will no longer be able to claim…