The long-standing attraction of the UK property market to Asian investors, and the various attractions of setting up home there, make it vital that the tax consequences are fully understood.
While it is relatively easy these days to determine UK residency under the current rules, domicile is a more nebulous concept and its tax consequences are less readily appreciated.
Paul Forman of international online wealth management platform Novia Global Ltd, writing in International Adviser, gives a timely and succinct reminder of the importance of checking one’s domicile status. https://international-adviser.com/the-importance-of-understanding-domicile/
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