Where you reside and your domicile can dictate the tax regime under which you fall. Specifically, where you reside and your domicile will impact whether you pay any UK tax on your overseas income, gains and estate on death. Over recent years we have seen significant changes. With careful attention to your residence and domicile we can explain your tax position, the ability to claim for relief of double taxation and any opportunities to plan your affairs more tax efficiently. If you are looking to leave the UK, return to the UK, spend longer in the UK, spend periods of time abroad or work overseas, you will need to understand how these rules impact you.
Due to COVID-19 lockdown restrictions around the world, many people will have been forced to spend longer than planned in countries where they would not normally be a tax resident. If your tax residency day count has been affected by COVID-19, it is important to understand how this may affect your residency position. Our resident and domicile experts can advise you on what you can do.