Personal Accounting

Non-Domiciliary Tax

The UK tax system is complicated. Making sure you understand your tax status and, as a result, what is required in terms of reporting can be difficult. Hysons, Chartered Accountants, will ensure that you have no unexpected tax liabilities once you become a UK resident.

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We will ensure that you have no unexpected tax liabilities once you become a UK resident.

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Your Status

Res Non-Dom Explained

If you live and work in the UK but were born in another country to a non-UK born father, you are likely to have a special tax status. A 'Res non-dom' is a UK resident who is not domiciled in the country. As a result, there are special tax rules in place.

We can assist you in determining your UK tax status before walking you through the rules that govern your income and investments, as well as managing your ongoing affairs and annual tax returns. It is worth noting that even if you are not a UK resident, you will need to prepare a UK tax return to cover income from UK property investments, for example.

Our Expertise

Areas We Can Advise On

Advising on changes to UK residency laws.

Preparing your UK tax return.

Advising on the rules that surround declaring worldwide income in the UK.

Advising on funds remitted to the UK, and how to minimise the UK tax paid.

Ensuring that any tax suffered overseas is reflected in your UK tax return as allowed within UK legislation.

Advising on reliefs available if you are planning to invest in a UK business.

Each type of trust receives different tax treatments and can be adapted to many different purposes. To take full advantage of trusts in your tax and estate planning you need to receive expert help and advice. We can help you determine which types of trust are suited to your purposes, prepare the necessary documentation, and advise on appropriate trustees.

Next Steps

How Hysons can Help

Each individual's situation is going to have a different problem, that is why, At Hysons, Chartered Accountants, our experienced partners and accounting consultants have the knowledge and know-how to work with you and discuss how these rules impact you and the steps you can take to mitigate their impact. Contact our friendly staff today for more information.

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