The taxing question of domicile

The imminent changes to the taxation of ‘non-UK domiciled’ individuals will undoubtedly impact upon where internationally mobile individuals choose to base themselves in the future, especially in the wake of the momentous worldwide political events of 2016.

Currently a UK resident but non-domiciled individual can, by paying a remittance basis charge, choose to pay tax on his or her foreign source income and gains only when they are brought into or ‘remitted’ to the UK.

To read the article from The Rich List 2017 in full, click here.