A UK-resident non-domiciliary (non-dom) is someone who spends enough time in the UK to be tax-resident but has a non-UK background and does not intend to make the UK their permanent home.
On 30th October 2024, the UK government confirmed that it will make significant changes to the UK tax system that will affect non-doms, expats and trusts and UK residents with a non-UK connection. The majority of the changes will have effect from 6 April 2025. We have prepared a policy paper based on the latest proposed changes:
UK tax laws for UK-resident non-domiciliaries (non-doms) are complex. We can advise on all aspects of tax planning including income tax, capital gains tax, inheritance tax and the use of offshore trusts.
We specialise in advising non-doms, in particular on:
- Whether they can claim non-dom status for tax
- How to begin or cease UK tax residence
- Use of the ‘remittance basis’, which allows UK resident non-doms to pay UK tax on their UK income and capital gains but not on foreign income or gains that they do not bring to the UK, subject to certain restrictions and charges.
- The application of UK inheritance tax to their UK and non-UK assets
- How to purchase UK residential property tax-efficiently
- UK tax and non-UK trusts, foundations and other structures The Common Reporting Standard, disclosure requirements and preparation of UK tax returns
Our private wealth lawyers have a deep understanding of international tax law and multi-jurisdictional investment structures. Working with a network of top legal experts around the world, we have years of experience advising individuals and families on the most efficient wealth solutions to navigate the UK’s complicated non-dom tax laws.
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