Going abroad

Giving tax advice to people going abroad to live or work, who were also retaining a UK tax presence, or to people coming from abroad, to live or work in the UK, whether permanently or temporarily, used to be an exotic area of tax planning.

Nowadays, in line with our increasing mobility across national borders and with greater numbers of British residents owning property abroad, it is an every day matter.

Picking your way through RDR1: residence, domicile and the remittance basis

https://www.gov.uk/government/publications/residence-domicile-and-remittance-basis-rules-uk-tax-liability

and RDR3: Statutory Residence Test

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/547118/160803_RDR3_August2016_v2_0final_078500.pdf
and determining whether you are resident or non-resident, or domiciled or not UK-domiciled for tax purposes is not however for beginners, and many traps exist. It is also necessary to know about Double tax treaties, as the more usual outcome of paying tax in more than one jurisdiction is to pay at the highest rate applicable, contrary to popular belief that you magically escape tax altogether.

Please ask Nicholas Ridge CTA for more details of the offshore tax advice service that is available for non-UK residents or leavers, and advice for new permanent or temporary entrants to the UK.

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ABOUT NICHOLAS RIDGE

Nicholas Ridge operates as a Chartered Accountant and Chartered Tax Adviser under his own name, Nicholas Ridge CTA, in the Meon Valley in Hampshire.

For many years, Nicholas and Elizabeth Ridge Chartered Accountants and Chartered Tax Advisers ran a successful high street practice in West London. Their client base included individuals and businesses, and specialisms involved personal and business tax; not-for profit businesses; artists and professionals; and business start-ups

Their partnership merged with PK Group in 2013, at which point they moved to Hampshire