A non-domicile,or “non-dom,” refers to a UK resident whose permanent home—or domicile—for tax purposes is outside the United Kingdom. This term relates specifically to an individual’s tax status, distinct from their nationality, citizenship, or residency, though these fact...
Company residency for tax purposes A company is UK resident for tax purposes if it is registered in the UK or is registered offshore but has its central management and control exercised in the UK. A UK resident company is subject to UK tax on its...
An individual’s liability to personal taxation in the UK depends largely on that person’s tax residence and domicile status, and on other factors such as the location of assets (the place where they are located for tax purposes) and the source of income and capital gains. Why is my resi...
Welcome to UK Tax Advisors and Churchill Taxation We specialise in: Tax advice for private individuals Self-assessment tax returns – preparation and advice Offshore tax planning for non-UK domiciled individuals Non-residency issues Capital gains tax planning, including advising on tax-efficient exits...
The “183-day rule” provides a simple way to determine residency for tax purposes. If someone spends more than half of the year (ie 183 days or more) in one country, they become a tax resident of that country. Trusted by over 20,000 subscribers You don't need to be an expert to ...
The key thing you need to open a bank account in the UK is proof of residency. So if you’re a UK resident for tax purposes, and have a residential address, then it’s smooth sailing. If you’re an overseas business, and you have an account with a global bank, you may be able...
You will then need to go through the process of gaining full residency and registering with the Spanish tax office and healthcare system etc…. Scroll down this page for more info on all aspects of what you have to do to live in Spain legally. Moving from UK to Spain If your Moving ...
If you are selling a property that has been your main residency in the past, you will qualify for tax relief for the period of time you lived in the property over the whole ownership period. For non-UK residents, selling UK property, there is the option to have the chargeable gain on ...
If Andrew becomes UK resident as a result of coming to live in the UK and having his only home here from 1 July 2015 onwards, how will he be treated for UK tax purposes for 2015-16? Resident for the whole of 2015-16 Non-resident until 30 June 2015 and resident thereafter Resi...
Any decision to leave the UK in order to benefit from a lower capital tax rate should be done with strict adherence to residency rules, so argues the law firm in this article about crypto investing. The following commentary about the world of digital assets such as bitcoin comes from ...