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ARTICLE · 22 MAY 2023

Why Does Domicile Matter In The UK?

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Whether an individual is liable to pay tax in the UK depends on a number of factors which includes the location of the assets as well as the residence and domicile of the individual.

United KingdomTax
Hannah Wailoo
Hannah Wailoo
Georgina Hamilton
Georgina Hamilton
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Following on from our previous article 'A guide to the UK's domicile regime' Hannah Wailoo and Georgina Hamilton go on to explore why domicile matters and the key taxes impacted by the UK regime.

Whether an individual is liable to pay tax in the UK depends on a number of factors which includes the location of the assets as well as the residence and domicile of the individual. A person's domicile will affect how several UK taxes apply, and 'non-doms' are taxed differently to UK domiciled individuals, under what is loosely referred to as the 'non-dom regime'. The deemed domiciled provisions were introduced to limit the timeframe that non-doms who choose to live in the UK can benefit from the regime.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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