Residence and domicile tax planning

If you’re coming to or leaving the UK for a period of time, ensuring your tax affairs are in order can require expertise across multiple jurisdictions.

Some of the issues you might face as a non-UK domiciled tax resident either in the UK or overseas include complex tax filing in an unfamiliar jurisdiction, staying on top of rule changes and the structure of remittances.

Planning ahead for your financial needs while in the UK can make a significant difference to your UK funding needs. Early advice (ideally pre-arrival) is therefore very important.

If you are planning to remain in the UK for the long term, it is also important to plan ahead for the point at which you will become ‘deemed’ UK domiciled. In these circumstances, inheritance tax planning is especially relevant.

Meeting your needs

Specialist

Our highly qualified team of specialists advise on the organisation of financial affairs, tax efficiency and tax reporting obligations for those coming to the UK, those planning long-term residence, or those leaving the UK.

Bespoke

We don’t provide 'off-the-peg' solutions – all of our advice is carefully tailored to your specific tax needs.

Global

As members of Nexia International, we can ensure that UK planning is compatible with the jurisdiction of your country of domicile and any other countries in which you have financial interests.

Collaborative

We work closely with your existing advisers, such as onshore and offshore lawyers, investment managers and property agents.

How we can help

If you’re coming to the UK

• Pre-arrival planning: Advising on the tax-efficient organisation of your financial affairs to help you manage you and your family’s financial needs while living in the UK.
• Tax relief: Advising on the potential UK tax reliefs available if you’re coming to the UK to work for a temporary period and liaising with your employer to ensure that your employment qualifies for these reliefs, including checking your employment contract.
• Property: Advising on the implications, structuring and funding of UK property ownership.
• Inheritance tax: Advising on inheritance tax implications if you’ve been in the UK for several years or have settled in the UK permanently.
• Offshore assets: Advising on existing structures and planning for offshore assets.
• Remittances: Structuring of remittances to enable tax-efficient movement of capital to the UK.

If you’re leaving the UK

• Pre-departure planning: Advising on the tax-efficient organisation of your financial affairs to help you manage you and your family’s financial needs while living outside the UK.
• Compliance: Helping you get advice on the destination country’s tax legislation and advising on how this interacts with UK tax legislation and assisting with any ongoing UK tax reporting obligations should you leave the UK to work.
• Property: Advising on letting your UK property while you’re outside the UK, including the non-resident landlord scheme.

Our credentials

Global

We are a member of Nexia International, a worldwide network of independent accounting and consulting firms, providing global reach and local knowledge.

Experience

Our partners have an average of 20 years’ experience.

Thought leaders

Our partners regularly contribute expert commentary on international tax matters in the national press and other prestigious publications.