Domicile and Residence

If you are confused as to how the rules of domicile and residence affect the taxes you pay then contact JMW’s experienced team on 0345 872 6666 to talk through how the rules apply to your situation.

In the UK whether someone pays income or capital gains tax depends on whether they are resident in the UK in the tax year the income or gain arises, whereas the rules surrounding Inheritance tax are governed by the domicile of the deceased person.  It is possible to be resident but not domiciled in the UK and vice versa! It is also possible to be subject to inheritance taxes in other countries at the same time as being liable for them to the UK authorities.

The approachable, practical team at JMW can guide you through the maze of rules to help you ensure that you are paying the right taxes in the right countries but not paying too much.  We can also help you simplify your affairs so as to minimise the headache of administration as well as making sure that your assets are organised in such a way as to minimise tax both here and abroad.

We work alongside your existing advisers or can recommend advisers that we regularly work with in jurisdictions from India, California and Dubai to Spain, France and the most of the EU. If you want to find out more call us on 0345 872 6666 or complete our online enquiry form and one of our expert advisers will contact to discuss your requirements.

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Call us now on 0345 872 6666 for advice on Wills and Trusts
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