The Knowledge Centre

Overseas Workday Relief If you are a remittance basis user and split your workdays between the UK and elsewhere, you may be entitled to claim overseas workday relief (OWR).  OWR allows individuals to exclude part of their employment income from the scope of UK tax based on the split of their UK and overseas workdays.  […]

Introduction Tax equalisation is an arrangement between employees and employers whereby the employee works in another location to their home country and should be neither better nor worse off from a tax perspective than if they stayed at home.  It is quite a common arrangement between employees and employers where individuals are sent on secondments […]

So you are happy that you are non-UK domiciled. What is the tax position? For inheritance tax (“IHT”) purposes, the basic position is that non-doms are only liable to IHT on UK assets. However, this beneficial position is changed when they have been residents in the UK for 15 out of 20 of the previous tax years. Once […]

Domicile? The press might want us to think it was another one of those loopholes. However, the L-word doesn’t come in to it where domicile, and the tax consequences flowing from a non-domicile status comes in to it. What is domicile? Domicile is a concept of general international law. It is the place where one […]

Introduction If you are working somewhere other than your home country, even for a short period of time, you could be exposed to additional tax implications. Tax can seem daunting and can quickly fall to the bottom of the agenda, which comes with a huge risk. With the world of travel opening back up, we […]

‘Beating a path offshore’: A totally fictional case study in offshore tax planning Introduction With fiscal policy about as settled as the England cricket test team in the 1990s, coupled with a slide into the winter months, who could blame people for eye-ing up a move to sunnier climes overseas? Over the years, we have […]

As of 6 April 2017, you can now be treated as UK deemed domicile, even if you aren’t domiciled in the UK under English common law. This will apply where either condition A or B is met. Condition A – Formerly domiciled residents This is likely to catch British individuals who have previously left the […]

Background to the UK tax system – Domicile, Residency & Income Tax Domicile Status The law of domicile has a fundamental bearing on the way that individuals are subject to tax on their foreign income and capital gains. Domicile status is a common law concept and an individual is domiciled in the jurisdiction that he […]

Our first look at the SRT took in the Automatic Overseas (AO) tests. We now look at the other two tests which one might need to examine if one cannot gain certainty from the AO test. The Automatic UK (“AUK”) Tests General As outlined, if one does not meet the AO Test then, and only then, do […]