EX-PATS AND EXPERTS

If you are thinking of purchasing a property abroad you should seek expert advice before committing to the transaction, as there are significant tax advantages to be achieved.

Allow Wealthmasters guide you through the complex issues of UK legislation and double taxation treaties in relation to your personal tax position.

Specialist advice is essential and we will liaise with your existing advisers to plan and protect your current and future worldwide assets.

NON-DOMICILE

The advantages of being UK resident but non-UK domiciled are often underestimated.
Wealthmasters can assist you in structuring your assets, which will allow Income Tax, Capital Gains Tax and Inheritance Tax to be reduced to the minimum.

It is imperative to seek advice if you are considering moving your overseas wealth or using your current UK income to purchase UK property, investments or other UK assets.

Our links with the International Tax
Planning Association provide us with contacts in over 50 jurisdictions
around the world.

Definition of Non-Domicile

Domicile is not a question of tax law, but rather a matter of general law. It is relevant therefore for more than just tax. The UK has an unwritten constitution, which is why there is little statute law, rather a general interpretation of case law from the 14th century onwards.

One is domiciled at birth in the country where one's father is domiciled. If one settles permanently elsewhere then one can acquire a domicile of choice in that new jurisdiction.