Tuesday, May 29, 2012
| Posted by: Grant Thornton
Categories: Thought leadership | Tags: tax, offshore, tax planning, domicile, Paula Fraser, overseas, residence, income, non-domicile, UK resident, residency, remittance basis, foreign income, nominated accounts, Anna McBride, RBC, gains
Many of our readers are resident in the UK but domiciled elsewhere. If you’ve been a UK resident for tax purposes for at least seven out of the previous nine tax years, do you know that your domicile status affects your income tax as a UK-resident individual? Paula Fraser, Director of Private Client tax at Grant Thornton, and Anna McBride, Senior Tax Manager, review the income tax position for non-domiciled individuals (non-doms).