Non-UK Domiciled Individuals
Fox Smith provides tailored, forward-thinking advice to help you navigate this new landscape and protect your international wealth.
Navigating the New UK Tax Landscape with Confidence
The Autumn 2024 Budget introduced some of the most significant reforms in recent years for UK-resident, non-UK-domiciled (RND) individuals. With the gradual phasing out of the traditional non-dom regime and changes affecting offshore income, remittances, and excluded property rules, many internationally mobile individuals are now reassessing their tax position. At Fox Smith, we have extensive experience advising RND clients on all aspects of international tax planning, helping them navigate the evolving UK tax landscape with clarity and confidence.
Remittance Basis and Overseas Income
As the UK transitions away from the long-standing remittance basis, understanding how overseas income and gains will be taxed going forward is essential. We provide guidance on structuring, managing, and reporting foreign income to ensure tax efficiency while remaining compliant with HMRC’s updated rules.
Protect Your International Wealth
Navigate post-budget reforms, double taxation, and overseas income efficiently.
Overseas Workday Relief (OWR)
Despite recent reforms, Overseas Workday Relief remains a valuable opportunity for qualifying individuals working partly outside the UK. We help clients structure employment arrangements, track qualifying days, and maximise relief to minimise UK tax exposure.
Double Taxation Treaties
Our specialists advise on the strategic use of the UK’s extensive network of Double Taxation Treaties, helping clients avoid being taxed twice on the same income. This includes relief claims, treaty interpretation, and cross-border planning.
Foreign Tax Credits
We offer clear advice on available tax credits and how they interact with UK rules, ensuring clients do not pay more tax than necessary on overseas income and gains.
Inheritance Tax & Excluded Property
We offer clear advice on available tax credits and how they interact with UK rules, ensuring clients do not pay more tax than necessary on overseas income and gains.
As the post-budget rules continue to develop, RNDs face an unprecedented need to review existing arrangements. Fox Smith provides tailored, forward-thinking advice to help you navigate this new landscape and protect your international wealth.
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