domicile | Ross Naylor

Moving Back to the UK? Here’s What the New Tax Rules Mean for You

If you’re a Brit planning to return to the UK after years of living abroad, a major tax shake-up is coming your way.From 6 April 2025, the UK is switching to a residence-based tax system, moving away from centuries of domicile-based rules. That means your tax status will depend entirely on whether you’re considered a UK resident, not where your parents are from or where your wealth is held. If you’re a former expat returning to live in the UK,…

Expat guide to UK inheritance tax

In 2021, the UK taxman collected GBP5.7 billion from inheritance tax (IHT). You shouldn’t think that, because you are an expat, this doesn’t concern you.

Using life insurance to mitigate Inheritance Tax

In recent research from Barclays Wealth, three in five (60 per cent) UK adults aged between 45 and 54 said they did not know if their investments would be subject to inheritance tax when they were passed on to family. Additionally, the survey found that a quarter (26 per cent) of respondents did not know if their property’s value would be considered separately to the rest of their financial assets for inheritance tax purposes.