With an increasingly mobile workforce and the ease of international trade via the internet, more and more people are considering moving into and out of the UK and holding assets internationally. This requires careful consideration to ensure that individuals and companies mitigate their tax exposure and don’t suffer tax in multiple jurisdictions.

This can require a review of residence rules to consider if an individual is taxable in the UK on worldwide or UK income, or domicile rules to consider whether capital gains and inheritance tax is due on worldwide or just UK assets. Anti-avoidance rules also need to be considered which could impact on an individual’s status and create important deadlines which may need to be considered after 7, 15 or 17 years.

International tax concerns apply to anyone who has:

• International businesses
• UK Pensions that may consider retiring abroad
• Holiday homes
• Overseas income
• Overseas assets and is moving to the UK