Residence & Domicile

Determining what taxes you are liable for can be difficult enough, but for UK resident but non UK domiciled individuals the process can become more complicated.  However, with the appropriate advice, tax advantages can be gained from the plethora of legislation currently in place.

If you are UK resident but non UK domiciled and are seeking to keep your income and gains outside of the UK then you will most likely be subject to the remittance basis legislation and may need to pay the £30,000 remittance basis charge for the privilege.  For some this charge will increase to £50,000 from April 2012. 

One will also need to consider the widely drawn remittance rules that seek to tax you on your overseas income and gains when they are brought to the UK.  At CLB Coopers we are able to advice and structure your holdings in the most appropriate way to maximise the use of the current rules.

When it comes to UK tax residency, whether you are looking to leave or enter the UK or have left or are an occasional visitor then you will need to consider the myriad of recent case law and the new rules which are being implemented from April 2012.

Whether it is residence or domicile  this is an extremely complex area of taxation that .

CLB Coopers regularly advises on residency and non-domiciled issues and are able to answer any questions you may have and guide you through what can often be a lengthy process.