Tax Residence and Domicile

In a global economy, more and more people are required to work overseas. This includes those leaving the UK to work in another country, as well as non UK nationals coming to the UK to work. International mobility and deciding to emigrate to a different jurisdiction, is now a common lifestyle choice for many individuals.

One of the first questions that is asked when someone is in this position is 'what is the difference between domicile and residence?' The two concepts are very different and can be particularly complex. This is why understanding the differences, and knowing your resulting obligations is vital for tax purposes, both in the UK and in your country of residence. Simply making an assumption about either status can have serious financial consequences, which is why we believe it is essential that we have suitably qualified and experienced tax advisors to help ensure you are tax compliant, not just in the UK, but across the world, with the help from our global network of affiliates.

Our Aberdeen location, and therefore association with the global reach of the Oil and Gas industry, means that we have provided this type of high level, cross-border advice for individuals over many years, specialising in providing holistic tax planning advice for those seeking to mitigate their tax exposure on leaving and returning to the UK.

We can help you understand the UK or overseas tax implications associated with moving between countries, and recommend tax saving strategies to mitigate or remove tax liabilities connected to earnings or investments held.