domicile | Ross Naylor

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

TL;DR The new UK tax rules for people moving back from overseas change how your foreign income, pensions, and tax residency are treated. These rules affect when and how you pay tax on overseas earnings, whether you qualify for UK personal allowances, and how your global income is reported. Understanding the timing of your return and residency status is crucial to avoid unexpected UK tax bills. Returning to 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.