Domicile and Residence

Your tax residency status and your legal domicile position can be tricky topics when it comes to protecting personal wealth, and can have a significant impact on any tax, trust and succession planning you undertake. They will also drive your compliance and reporting obligations in both the UK and abroad, often with a complex overlap between the two.
In an increasingly globally mobile culture, with faster and more detailed information sharing between international tax authorities and new layers of anti-avoidance legislation, more and more individuals and families are seeking our specialist support.

Whether you want to minimise your tax liability, are investing in overseas property or business, planning a life overseas, or simply want to ensure that you are meeting your global reporting obligations, we will work with you to establish the best approach and ensure compliance in the UK and abroad.

Our tax advisors are up to speed on all the latest developments relating to residence and domicile. Assessing each situation individually, we can:

• Clarify your UK tax residency status and explain the international implications of this to your personal affairs
• Provide commentary and guidance on planning opportunities in the context of your UK and foreign tax status to minimise your global tax burden
• Provide a holistic approach to personal income, capital gains and inheritance tax planning, to help mitigate risk and tax liabilities now and for future generations
• Offer practical assistance when HMRC issues arise, including management of the complex process of disclosing unreported overseas income
  
• Assist resident non-domiciled individuals to weigh up the financial implications of paying the annual ‘Remittance Basis Charge’ versus paying UK tax on worldwide income and gains
  
• Work with our global network of trusted advisors to offer advice and support with your obligations overseas
  
• Update you on legislative changes and explain how future developments will affect you