Peter covered the trigger points that make you UK resident for tax purposes along with common mistakes that can expose you to tax in the UK before you even arrive. He explained the key considerations you should bear in mind before leaving as well as some tax-efficient investment strategies you can adopt once in the UK.
The webinar also touched on the importance of understanding your residence and domicile status, and the impact of each of these classifications on your UK tax exposure. It explored how the Statutory Residence Test works and what pension planning you may need to bear in mind. Another key factor to consider when planning a return to the UK is how your employment status and your UK property can be interpreted by HM Revenue and Customs (the UK tax authority) with regards your tax status. The presentation explored the tax implications faced by British expatriates from a UK Income Tax, Capital Gains Tax and Inheritance Tax perspective.
For advice about any aspect of tax planning please contact your nearest office.
Peter Webb, International Tax Manager