Sep 092019
 

A UK ‘resident’ for tax purposes is anyone, of any nationality, who spends more than half the year (strictly 183 days) in the UK for any reason – work is a common one. By itself that would normally make them liable for UK income tax on their worldwide income. The anomaly, however, is that the same individual could simultaneously be ‘non-UK domiciled’ because their ‘permanent legal home’, as the tax rules put it, is not the UK. Non-domicile status is given to people who were either not born here or whose parents spent most of their lives in another country.

Come back soon for more on Non-domicile and explanations of banking words. Please join the mailing list to stay informed of updates.

Comments?

Every comment you leave gets you an entry into the draw for 100 GBP of vouchers from Amazon UK. Next winner will be selected on [date].

Comment now!

 Leave a Reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

(required)

(required)