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
  • Will writing and planning
  • 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:

  • Persuading the tax authorities that you are ‘non-domiciled,’ even after you have permanently left the UK
  • What you need to do to permanently remove yourself from ‘UK domicile’ status
  • Inheritance tax on UK assets and non-UK assets
  • Will writing and planning
  • Trust and estate planning

Our experts can provide advice to help you to minimise your domicile tax status liabilities to avoid pitfalls. Please contact Jane Greenwood for further advice.

David Gibbs
David Gibbs
Gerry Hollingsworth
Gerry Hollingsworth
Jane Greenwood
Jane Greenwood
Jon Luk
Jon Luk
John Stubbs
John Stubbs
Joy Owen
Joy Owen
Delighted with Alliotts advice

Our international tax advisors work with inbound and outbound businesses [more...]

A full range of business tax, focused on building business success [more...]

Phone, Email, Post, Visit? Find out how to get in touch with us [more...]