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Reducing UK tax by using your non domicile status |
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Written by Administrator
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Most people that non Uk domicile status allows many wealthy foreigners to avoid UK income tax , capital gains tax and Inheritance. This is because by and large they're entitled to claim the remittance basis for overseas income and gains so that only income or proceeds actually brought into the UK are taxed. Similarly for UK Inheritance tax purposes it's only their UK estate that is subject to UK tax. However the benefits to non domiciliaries are actually much wider than this. Find out exactly what other tax benefits they can claim in this article.
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