Tax advice on moving to the UK

• As a member of CLA Global, and through our other relationships internationally we can ensure that your tax planning in the UK is compatible with the jurisdiction you are moving from and any other countries in which you have financial interests
• We work closely with your existing advisers, such as onshore and offshore lawyers, investment managers and property agents
• You can benefit from Evelyn Partners’ expertise in investment management, wealth planning and business services
• All of our international tax advice is tailored to your specific tax needs and is provided by a team of experienced tax specialists

A person’s domicile is normally inherited from their father but can be replaced by a domicile of choice, which is generally the place they consider their permanent home – the place where they have the strongest social and family ties. Unlike residence, there is no one legal test to determine domicile but various factors are considered. Determining legal domicile can be complex and is open to challenge by HMRC so this is an area where it is sensible to seek professional advice.

While it is possible to be resident in more than one place at any one time, it is only possible to be domiciled in one jurisdiction. While someone who has moved to the UK for a short period of time will become a UK resident, they are likely to be a non-dom.

Find out more about residency for tax purposes, the statutory residency test and UK non-dom tax by downloading your copy of Moving to the UK – your guide to tax.

A UK resident who is not domiciled or deemed domiciled in the UK can elect to be taxed on the remittance basis. This means you are charged UK tax on all UK sources of income and gains but are only charged UK tax on foreign income and gains that are remitted to the UK.

A remittance basis charge of £30,000 will be payable if the remittance basis is claimed by those who have been UK resident for 7 out of the previous 9 tax years. The charge rises to £60,000 after 12 years of residence out of the previous 14. In addition, the personal income tax allowance and the capital gains tax annual exemption are lost if the remittance basis is claimed. The remittance basis option falls away after you have been a UK resident for 15 out of the previous 20 tax years and worldwide income and gains are then taxable as they arise.