‘Resident but not domiciled’ is a tax status that can be applied to a person who is living in the UK, but was not born in the UK.
If you attain the status of ‘resident but not domiciled’ you can achieve tax exemption in the UK on income earned outside the UK.
Investing in Switzerland or Luxembourg
Many people who move to the UK invest their capital in places such as Switzerland or Luxembourg. This makes it possible to avoid UK tax on interest income, dividends and profits as long as the income is not brought into the UK.
Further information about ‘resident but not domiciled’ status in the UK.
Subscribe to our newsletter and/or property service.