Non Domicile

The basic position is that non-UK domiciled individuals are only be subject to Inheritance Tax (“IHT”) on their UK assets. From an income tax and Capital Gains Tax (“CGT”) position, under basic principles, they are only subject to tax on foreign income and gains if these are remitted to the UK.

From 6 April 2017 the rules changed for those individuals that have been resident in the UK for 15 of the last 20 tax years. Those individuals are now treated as being deemed domiciled in the UK and are treated for tax purposes in the same way as UK domiciled individuals meaning there worldwide income and assets are subject to UK taxation.

Non doms can potentially enjoy favourable tax treatment through the remittance basis of taxation which allows individuals to exclude overseas income and gains from UK taxation.

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