Tag: tax residency

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Rules around UK Domicile vs Non-Domicile

30 July 2021

The UK government has declared that HMRC will be looking very closely at British citizens who ostensibly live abroad. The case of Mr Gaines-Cooper unveiled the fact that HMRC is looking carefully at individuals to see where they have centred their life. In this case, Mr Gaines-Cooper purported to be living in Seychelles and visiting…
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Domicile in IHT Planning

Domicile and IHT Planning

27 July 2021

Taxation rules around expatriates’ worldwide assets can sometimes be confusing. Being unaware of the tax implications of your domicile status, especially as a UK national and a foreign national with UK-sited assets, can cost you high tax rates. Not acting on that can lead to your family or beneficiaries suddenly having to pay large sums…
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