Residence & Domicile Tax

Residence and Domicile Tax Planning

With increasing emphasis on globalisation, it is becoming necessary to understand the tax
implications of coming to or leaving the UK for a period of time.

The tax treatment of income and capital can be complex when you need to consider multiple
jurisdictions. You will need to know the answers to questions including:

  • Will you have to pay tax?
  • Where will you pay the tax?
  • Who do you pay it to?
  • Is there any relief available if I have to pay tax in multiple countries on the same income?

Planning ahead for your financial needs and staying on top of tax changes can make a significant difference to your funding needs. Early advice (ideally pre-arrival or pre-departure) is therefore very important.

As specialist tax advisers, taylorcocks are able to give you clear advice which will encompass all
relevant taxes.

Our services include advice on:

  • Advising on the tax-efficient organisation of your financial affairs to help you manage your
    financial needs while living in the UK or abroad.
  • Advising on the implications of property ownership, whether in the UK or overseas.
  • Advising on inheritance tax implications if you’ve been in the UK for several years or have settled or left the UK permanently.
  • Advising on existing structures and planning for offshore assets.
  • Structuring of remittances to enable tax-efficient movement of capital to the UK.