Domicile all important in tax planning

Professional Adviser
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The jurisdiction with which an individual and their family are connected is the most important factor when working out a tax strategy but deciding on the country of domicile can be fraught with difficulties

The first step in developing a tax and estate planning solution for an individual and their family is to determine the jurisdiction with which they are connected. The primary connecting factor to consider for individuals originating from or moving to the UK is domicile. Domicile is a conflict of laws concept borrowed by tax systems that determines the applicable system of personal law when an individual has connections with more than one jurisdiction. Domicile is crucial for UK tax purposes but also determines the appropriate system of personal law governing such things as the validit...

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