Tips for advising non-dom clients

clock

Planning for UK resident non-domiciles has become far more complex and it is now necessary to review their status annually. This has opened up opportunities for advisers, explains David Truman, partner at Menzies

A non-domicile (non-dom) may claim to be a remittance basis user, and avoid the arising basis, if they are within one of the following categories in any year: 1. They pay the remittance basis charge (RBC) of £30,000. 2. They have been resident in the UK for less than 7 of the last 9 years. 3. Their non-UK income and gains amount to less than £2,000 in the year. 4. They are under 18. The following are a range of pitfalls which commonly arise in advising non-doms who have taken poor or no advice and some potential opportunities for planning: PITFALLS Status checking: It is...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

Enquiries for financial advice up by nearly a quarter following Budget

Sahar Nazir
clock 11 December 2025 • 1 min read
Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

'Pensions still remain the most routinely overlooked asset in divorce'

Joanna Newton
clock 10 December 2025 • 4 min read
FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

Although good practice exists

Alex Sebastian
clock 09 December 2025 • 2 min read