Residence and Domicile

We have extensive experience in dealing with individuals moving to and from the UK. Proactive planning can ensure that an individual fully understand their tax residence position in any tax year based on their number of days and ties to the UK. Subtle changes to and individual's living or working circumstances, can have a profound impact on their UK tax exposure, particularly in the year of departing the UK or returning.

We work hand-in-hand with advisers from other jurisdictions to ensure that an individual's worldwide tax position is understood.

Individuals who move to the UK but have a domicile outside of the UK are subject to particularly complex legislation that is subject to continual change. We work with such individuals to ensure that their intentions are understood and form a plan on how to hold their assets in a tax-efficient manner. 

The concept of domicile is fundamental in understanding an individual's annual tax exposure, such as Income Tax and Capital Gains Tax, but also their Inheritance Tax Exposure.