Offshore Trusts, Residence & Domicile (Non-Dom)
Most of this department’s work now involves advice to non-UK resident or non-UK domiciled individuals, which includes advising their offshore trustees.
We enable offshore trust companies to navigate their many professional and compliance obligations.
We have strong relationships with fiduciaries and trust service providers in many different jurisdictions, co-ordinating effectively with advisers outside the UK so that the offering to settlors and beneficiaries alike is seamless.
We give clear and practical advice on:
- Residence and domicile advice and tax planning for non-domiciliaries (non-dom)
- Pre-immigration reviews and structuring advice to those considering coming to the UK
- Tax reviews, structuring and distributing advice for non-domiciled persons already resident in the UK
- Inheritance tax planning for long term UK resident non-domiciled persons and for UK property
- UK legal and tax issues facing trustees and beneficiaries of overseas trusts
- UK compliance services for offshore trustees, beneficial owners and controlling persons
- The fiduciary duties and obligations of trustees, including those under attack from beneficiaries
Payne Hicks Beach’s private client team is ranked in Chambers HNW 2021.
insights
Rachel Reeves to soften UK non-dom tax reforms – Robert Brodrick for the FT and Sky News
Autumn budget 2024 – The abolition of the non-dom tax regime
Abolishing non-dom tax could see economy shrink by £6bn – Robert Brodrick featured in the FT Adviser
Expert echoes West Ham owner fears around non-dom tax changes- Basil Dixon for FT Adviser
Changes to the taxation of Non-Domiciliaries (non-dom)
Non-doms: Should “fairness” trump tax raising
Jeremy Hunt abolishes non-dom tax regime
Britain loses non-doms to Italy as Hunt plots tax crackdown
Chancellor considers scrapping non-dom tax status in Budget
Non-Dom tax status: is it really a “200-year-old loophole”?
What are the implications of a Labour government for high-net-worth individuals (HNWs) and how might non-domiciled residents react? Robert Brodrick comments for Spear’s
Offshore Trusts – your questions answered
Payne Hicks Beach private wealth and tax experts head to the Channel Islands
Payne Hicks Beach’s private wealth and trusts experts to speak at International Trust and Private Client conferences in Guernsey and Jersey
UK Domiciled vs NonDom status – a guide to rules and tax implications
Don’t start with the tax – successful family succession planning