Despite the introduction of major changes in April 2017 to how non-UK domiciliaries ("non-doms") are taxed, the UK non-dom regime remains an appealing choice for those looking to relocate from their country of origin or current location given that UK non-domiciles are still able to enjoy significant tax advantages for up to 15 years.
This piece by John Nelson of Isle of Man and Guernsey-based firm, Dixcart, elucidates inventive strategies for resetting the clock for UK non-doms whereby alternative tax residency jurisdictions provide continued tax benefits while maximising days spent in the UK. Nelson provides detailed profiles on two such jurisdictions, the Isle of Man and Guernsey, beginning with an overview of each jurisdiction before elaborating on how they allow the non-dom to maximise days in the UK. Nelson also provides information on immigration, tax advantages to individuals (including tax rates, allowances and caps) and potential UK citizenship.
Click here to read the full article: https://www.alliottgroup.net/practice-management-resources-for-owner-managed-firms/uk-non-doms-tax-benefits-of-alternative-jurisdictions-residence/
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