UK Domicile & Remittance Basis Explained – What’s Changing in April 2025? скачать в хорошем качестве

UK Domicile & Remittance Basis Explained – What’s Changing in April 2025?

If you're living in the UK—or planning to—your tax position is about to change. In this video, we unpack two key concepts at the heart of UK expat tax: tax residence and domicile, including how they determine whether you're taxed on worldwide income or just UK sources. Most importantly, we explain the abolition of the remittance basis in April 2025 and what it means for you. We cover: The difference between residence and domicile How the remittance basis currently works The costs and benefits of claiming it How UK bank account setup affects your tax The new Foreign Income and Gains Scheme (FIGS) Transitional rules for existing non-doms, including the 12% flat tax opportunity Capital Gains rebasing and offshore trust implications 🧭 Whether you're new to the UK or already here using the remittance basis, this video will help you plan effectively and avoid unexpected tax bills. 📞 For tailored advice on these changes and how they affect you, get in touch with us at LSR Partners—where we help you pay the right tax in the right place at the right time. 🔗 Book a consultation with LSR Partners: Website: www.lsrpartners.com LinkedIn: LSR Partners Instagram: @LSRPartners If you found this video helpful, please like, subscribe, and share it with others who might benefit. Your support helps us continue to provide valuable content. Disclaimer: This podcast is for informational purposes only and does not constitute financial advice. For personalised guidance, please consult a qualified financial advisor. Pay the right tax in the right place at the right time. #HMRC #TaxHelp #UKTax #LSRPartners #SelfAssessment #HMRCEnquiry #Expats #InternationalTax #TaxAdvice 0:00 Disclaimer 0:15 Introduction 1:01 Arising Basis 1:22 Remittance Basis 3:46 Foreign Income and Gains Scheme (FIGS) 4:57 Transitional Rules (FIGS)