From 6 April 2025, the UK officially ended the use of domicile status as a basis for taxing individuals. Instead, the UK has moved to a residence-based system, meaning tax treatment will depend on where you live, not where you’re domiciled. Similarly, domicile will no longer be the key factor for UK inheritance tax, which will also shift to a residence-based approach. Find out how this will impact you here.
The tax legislation involving overseas income and gains can be very different to that applicable for UK income and gains. Foreign tax may be applicable or a double tax treaty may limit a country’s right to tax.
Anti-avoidance legislation needs to be considered for UK residents with certain offshore interests or where an individual moves abroad temporarily. Even determining if you are UK resident is not necessarily straightforward if you are overseas but wish to spend time in the UK.
It’s all about you
We offer UK tax advice that is completely designed around you, whether you’re an expat living overseas or are living in the UK receiving overseas income or gains.
We’ll ask the right questions, we’ll listen and work with you to fully understand your circumstances, considering your background, your wealth, your ambitions and where you live, so that we can give you fully tailored advice that is just for you.