Non-UK residents and non-UK domiciles: The best of both worlds

As vaccinations become widely available around the world, the reopening of borders will follow and so will an influx of individuals into the UK. If you, and your loved ones, have been enjoying the best of both worlds working whilst earning income in the UK as a non-UK resident landlord, or in other ways, you may be faced with sudden life changes that you cannot control. Job loss, family matters or other considerations may pressure you to change your non-UK tax resident’s status. A good, professional non-UK resident tax advisor, like The Taxman UK, can help you, and your loved ones, to make your non-UK resident tax return so you can keep enjoying the best of both worlds.

Non-UK tax residency

Broadly speaking, you will be a non-UK tax resident if you spend less than 183 days in the UK during a tax year. UK tax residency isn’t always straightforward and you, and your loved ones, may trigger UK tax residency as a result of factors such as changing working patterns, connections to the UK such as family members, and ownership and availability of accommodation in the UK. It’s important for your non-UK tax resident status to ensure that you are prepared to anticipate future scenarios with tax planning before UK tax residency is triggered. With international travel likely to be renewed after lockdown, tax planning can significantly reduce your tax liabilities if you are considering a move to the UK.

A good, professional non-UK resident tax advisor, like The Taxman UK, can help you with your non-UK resident tax return and tax planning.

Non-UK domicile tax benefits

The UK has a beneficial taxation regime for those who become UK residents but remain non-UK domiciled. The remittance basis allows you to limit your exposure to UK tax to your UK income and gains, and also to protect you from UK tax on foreign income and gains that are not brought into, or used in, the UK. The ability to take advantage of this remittance basis to the full depends  on your own timely tax planning before your return to the UK.  Save yourself time, money and stress with good, professional advice from a non-UK resident tax advisor, like The Taxman UK, and avoid paying unnecessary taxes.

Please don’t hesitate to contact one of our experienced non-UK resident tax advisors by sending us an enquiry at help@thetaxmanuk.com for an initial consultation. Good tax advice will save you time, money and stress, whether you are currently a non-UK resident tax payer or are anticipating a return to the UK as a non-UK domicile tax resident.   

The Taxman UK  Making Life Less Taxing for non-UK residents”