The tax rules on domicile are complicated, whether you are a UK resident but also non- UK domiciled, or if you currently have a UK domicile but are looking to change it and become ‘non -UK domiciled’.

In certain circumstances a change of domicile can bring tax benefits. However careful consideration needs to be given to the tax treatment resulting from such a change.

Here’s how we can guide you through the domicile maze.

Overseas Nationals Coming to the UK

If you are non-UK Domiciled but residing in the UK you need to consider the following areas

  • The ‘Remittance basis of assessment ‘
  • When the ‘Remittance basis’ charges of £30,000, £60,000 and £90,000 will apply and to whom
  • Capital Gains tax on both UK and non UK assets
  • The ‘Worldwide basis of assessment’ and when it can be beneficial
  • When the rules on deemed domiciled for income tax came into effect
  • Inheritance tax planning including the effect of the UK ‘deemed domiciled’ rules for IHT
  • Advising on Will writing for each relevant territory
  • Income tax planning including investment opportunities.
UK Nationals Leaving the UK

If you have a UK Domicile and wish to become non-UK Domiciled you need to consider the following areas:

  • How to persuade the tax authorities that you are ‘non-domiciled,’ even after you have permanently left the UK
  • How to permanently remove yourself from ‘UK domicile’ status
  • Inheritance tax on UK assets and non-UK assets
  • Arranging Wills for each relevant territory
  • Trust and estate planning

Our experts can provide advice to help you to mitigate your tax liability; establish domicile status; and avoid potential tax related pitfalls when arriving in, or departing the UK. Please contact us for further advice.

David Gibbs
David Gibbs
Gerry Hollingsworth
Gerry Hollingsworth
Jon Luk
Jon Luk
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