Offshore Trust Structuring
It is still possible to structure your affairs tax efficiently as a non-domiciled individual but the rules are complicated and advice is necessary to ensure you are fully compliant with UK obligations.
UK tax returns
Even if a person or entity is non-UK resident, there are reporting obligations where income is received from UK sources, such as property in the UK, pensions, bank interest and so on. We can assist with completion of the necessary paperwork to ensure compliance with the rules and to avoid hefty penalties arising.
NON-RESIDENT CGT ADVICE
Since 2015 the sale of UK residential property is within the charge to Non-resident capital gains tax. This means that if a non resident person or entity sells a residential property situated in the UK, they will need to make a return to HMRC and pay any tax due (which is 30 days after the completion of the transaction).
SPRING BUDGET 2024 TAX ADVICE
Do you need help understanding what the Spring Budget means for you? There are several big changes including a shake-up of non-dom tax. Our team can help you prepare for the new tax measures.