Domicile & Tax Residency - The Basics for Private Client Professionals

Introduction

This newly updated webinar explains what private client professionals should be considering when dealing with international clients from a UK perspective.

The webinar will concentrate on the concepts of domicile and tax residency and explore their importance from both a tax and succession planning perspective.

It will also explore the planning considerations for clients with an international estate and the impact of succession rules and double tax treaties in and with different jurisdictions.

What You Will Learn

This webinar will cover the following:

• Concepts of Domicile
• Why is this important?
• Traditional planning for non-UK clients
• The impact of the FA 2017 Changes
• Concepts of Tax Residency
• Why is this important
• Arising and remittance basis
• Statutory residence test
• Impact of COVID-19 on tax residency
• Dual tax residency
• Common Planning Around Domicile & Tax Residency
• Non-domiciliary
• Non-tax residency
• Tax planning:
• Inheritance tax
• Income tax
• Capital gains tax
• Non-resident capital gains tax and the FA 2019 changes
• ATED
• Corporation tax (re: offshore holding structures)
• SDLT
• Succession Planning
• International private clients
• Situs of assets and forced heirship
• EU succession regulation, the impact of Brexit and the ‘UK worldwide will’
• The Future of International Estate Planning in the UK
• Summary

This webinar was recorded on 13th January 2022