Remittance Basis Taxation
Understanding Remittance Basis for Non-Domiciled Expats
The remittance basis is a special tax regime available to UK tax residents who are not domiciled in the UK. It allows you to pay UK tax only on foreign income and gains that you bring into (remit to) the UK, rather than on your worldwide income.
This can be valuable for expats with significant overseas income or assets, but it comes with costs and restrictions. Understanding whether the remittance basis is right for you, and how to optimize it if you use it, requires careful planning.
Our specialist advisers can help you understand the remittance basis rules, decide whether to claim it, and structure your affairs to maximize tax efficiency while remaining compliant.
Key Benefits
- Only pay UK tax on remitted income
- Protect overseas assets from UK tax
- Strategic planning for remittances
- Understanding of annual charges
- Long-term domicile planning