UNDERSTANDING UK TAX FOR INTERNATIONAL CLIENTS
Whether you are a high net worth individual, family or entrepreneur it is likely that your affairs will become increasingly global. Wealth is mobile!
If you do business outside the UK, are planning on moving abroad, or live abroad already but have assets and income from the UK, there will be various complicated tax rules and systems to get to grips with.
Our team specialises in UK tax for international clients and can help you understand your responsibilities. We’ll explain everything you need to know, including your residence and domicile status, the taxes you need to pay and when, and how you can structure your personal and business affairs as efficiently as possible. Compliance is only part of the challenge; it is also important to have an agile tax strategy.
If you’re resident but not domiciled in the UK, for example, it may be in your best interest to use the remittance basis. We can advise you on this, with respect to the tax implications of remittances of funds or assets. We can also assist you with segregating clean capital from offshore income and gains. For those coming to the UK we can work closely with your immigration lawyers and assist you with the critical aspects of pre-arrival tax planning.
We can also help you navigate the Double Tax Treaties (DTA’s) in place to ensure that you are not taxed twice on the same income / gains.
Frequently asked questions
I need help with my UK-based business.
If you own and run a business in the UK, we can help you run your payroll systems, complete your corporate tax returns and make sure your business is compliant with UK law.
What taxes do I need to be aware of?
UK income tax, VAT regulations, inheritance tax, capital gains tax and residency and non domicile advice will help you stay within the guidelines. We also have a network of professional intermediaries who can help with matters we cannot.
I don't know how to stay compliant?
By having a chat with the Libra team, you can rest assured we will take care of the compliance for you and support you through any queries you have on your personal or corporate taxes.
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