UK Resident Non Domiciled Tax Regime
Swiss Re Building (the Gherkin), London City
Transfer of Tax Residence to the UK: British Resident Non Domiciled, Lump Sum, or Flat Tax Regime for Wealthy Individuals
Flat Tax in Great Britain for High-Net-Worth Individuals - HNWIs
("Res Non-Dom Regime")
Apply for the UK lump-sum tax regime
Description of the UK Lump-Sum Tax Regime
For resident non-domiciled individuals (here) non-UK sourced income may be taxed, during the first 7 years of UK residence, on the remittance basis (rather than on the arising basis), that is, taxed only if and when such income it is remitted to (taken into or used in) the UK. Thereafter, a Remittance Basis Charge (RBC) of £30,000 per year is payable until the person is deemed domiciled (after 15 years).
What Are the Key Benefits of the UK Lump-Sum Tax?
New Paragraph
What Are the Key Downsides of the UK Flat Tax?
New Paragraph
What Is Tax Residence in the UK?
New Paragraph
Who Can Apply for the UK Lump Sum Tax Regime?
New Paragraph
What Are the Application Fees for the UK Flat Tax Regime?
| Handling fee for obtaining a UK tax ruling | €10,000 includes the drafting of the application letter and the analysis, compilation, translation and certification of the related documents as well as their submission to the UK tax authorities |
|---|
What Is the Procedure for Getting the UK Lump-Sum Taxation?
New Paragraph