www.offshoretax.co.uk

The advantages of non UK domicile status are well known. Briefly you can obtain the remittance basis of tax for overseas income and gains, and Inheritance tax is only charged on your UK estate.

Actually establishing your tax domicile status with the Revenue though is something else. Although there are sections in the updated tax return to enter details of your domicile they won't consider it unless it is relevant in determining a UK income tax or capital gains tax liability. You therefore need to be sure as to when domicile is relevant in determining a UK liability before you complete the tax return. This article gives you all the information you need so you can determine whether your domicile status is important in assessing your tax liability.