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

Feel Good Friday: Nine Edge Wealth sponsors young Scottish boxer

Feel Good Friday: Nine Edge Wealth sponsors young Scottish boxer

Sponsors Lara Brown

Professional Adviser
clock 17 July 2026 • 1 min read
Women's Wealth Alliance launches careers guide to attract more women to personal finance profession

Women's Wealth Alliance launches careers guide to attract more women to personal finance profession

Aimed at women at different stages of life and careers

Professional Adviser
clock 16 July 2026 • 3 min read
Women in Financial Advice Awards 2026: Shortlists revealed!

Women in Financial Advice Awards 2026: Shortlists revealed!

All the winners will be announced at a celebratory gala dinner on 4 November

Professional Adviser
clock 15 July 2026 • 10 min read