International Assets & UK Residency: Unilateral Relief to the Rescue?

International Assets & UK Residency: Unilateral Relief to the Rescue?

From 6th April 2025, the UK abandoned the traditional concept of domicile for inheritance tax (IHT) purposes. Instead, it hinges on whether someone is a long-term UK resident. Under this new regime, an individual is deemed a long-term UK resident if they have been tax-resident in the UK for at least 10 of the preceding 20 tax years.

Executor Renunciation or Power Reserved

Executor Renunciation or Power Reserved

Executors play a vital role in fulfilling a testator’s wishes and distributing their estate properly. Occasionally, issues arise when decisions about whether to act, renounce or have power reserved are made too soon. In this article, we explore the legal and practical effects of such decisions.  

Overhaul of the UK’s tax regime for Non-Domicile: What you need to know

Overhaul of the UK’s tax regime for Non-Domicile: What you need to know

Until the 6th April 2025, the UK’s taxation of individuals who were non-doms was based on the concept of domicile, a legal term under English law referring to a person’s long-term permanent home. Non-doms could live in the UK while enjoying favourable tax treatment under the “remittance basis”. This treatment typically lasted for up to 15 years.


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