Helping you prosper

Non-doms and non-residents

Non-doms and non-residents form a substantial part of our client base. They have been hit by regular tax changes, from the new non-dom regime introduced in 2008 to ATED, non-resident CGT, the changes effective from April 2017 and now the proposed extension of CGT to investors in commercial property. You can read more about several of these topics below.

Non-doms and non-residents form a substantial part of our client base. They have been hit by a series of tax changes, from the introduction of a new non-dom regime in 2008 to ATED, Non-resident CGT, a raft of changes (particularly in respect of overseas trusts) effective from April 2017 and most recently the extension of CGT to investors in commercial property. It is still the case, however, that non-doms and non-residents can enjoy significant tax advantages and that appropriate advice and planning is essential.

We would be happy to advise you if:

  • you are planning on coming to the UK for a period of time that may result in tax residence (see “The Statutory Residence Test” below)
  • you are resident but possibly not domiciled in the UK and you have overseas assets or sources of income of any significance (if you have taken advice previously this should be subject to regular review)
  • you are resident in the UK but thinking of leaving for a period of time that may result in non-residence
  • you are resident in the UK and the settlor or beneficiary of an overseas trust or foundation or if you expect to inherit from an individual who is resident overseas
  • you are not resident in the UK but have invested in UK property (residential or commercial) or have plans to do so.

The Statutory residence test

The statutory residence test provides much needed certainty to an area of law that is unduly complex and lacks clarity. Click here to read in full.

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