Tax Advice
If you are planning to leave the UK, either temporarily or permanently, it is vital to review your tax position before departure.
Our services include:
Tax Planning when Leaving the UK
Frequently Asked Questions
This depends on your circumstances and the Statutory Residence Test. You might qualify for split-year treatment, meaning you’re treated as non-resident from departure date. However, if you don’t meet specific conditions (like starting full-time work abroad), you may remain UK resident for the entire tax year. Expert advice is essential.
Yes, in several scenarios. You remain liable for UK tax on UK-source income (like rental properties or UK employment). Additionally, if you sell UK land or property after you leave, any gains will be subject to UK capital gains tax. Finally, UK inheritance tax can apply to your worldwide assets for as long as 10 years after departure.
Not necessarily. UK bank accounts can remain open for non-residents, though you should notify your bank of your change in residence. For property, timing of sale requires careful planning. Selling before departure may trigger higher capital gains tax than selling after.
Potentially, yes. This is where the timing of your departure can make a big difference. If you secure non-UK resident status before selling certain assets then any gains may escape UK Capital Gains Tax.
Caution is required, however, as capital gains can be retroactively taxed if you become UK resident again within five years of departure.
Furthermore, your destination country may potentially be able to tax your capital gains after departure. Professional, co-ordinated advice is therefore essential when planning departure from the UK and asset sales.
If you’re arriving or returning to the UK, expert tax advice is essential to understand your obligations and stay fully compliant with HMRC.
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If you split your time between countries, you may face complex cross-border tax obligations.
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