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UK personal tax and estate planning.

Whether you're a UK citizen returning after living abroad, moving to the UK for the first time, or you simply live abroad and own UK property, it's important to understand the tax implications. Fortunately, there are some steps you can take to reduce your UK tax exposure.
Residence and domicile

Residence and domicile

Reorganising your asset portfolio and taking control over when you become UK resident for tax purposes are steps likely to benefit you if you are moving to the UK. We can help you to navigate the complex ‘Statutory Residence Test’ so that you have this control. It’s also worthwhile gaining an understanding of your domicile status and for non-UK domiciles moving to the UK, Buzzacott can advise on the additional tax-saving options that may be available with careful account structuring. 

UK property

UK property

Sometimes it is more tax efficient to own a UK property directly, but in other cases, ownership through a partnership or a company might be appropriate. It will depend on the circumstances and objectives in each case and we can help you decide which approach is best for you. There could be a lot of tax at stake, so it will be worth getting the structure right from the beginning. Buzzacott has significant experience in advising clients on the UK tax issues associated with UK property ownership, so whether you are living in the UK or continue to live abroad, we can help you to determine the most tax efficient ownership structure.

Inheritance tax

Inheritance tax

The UK has an inheritance tax with a relatively low exemption but there may be options available to you to improve the tax outcome when your wealth is transferred to others. Trust or corporate ownership structures may be appropriate in some cases but you will need to understand the implications of owning your assets through a company or a trust. Your domicile status will be important in determining the options available and we can help you to understand what those options are, whatever your personal circumstances and goals. 

Our network

Our network

In some cases, the services of UK qualified lawyers, wealth planners or other specialists may be required. For example in drafting a domicile statement or a will, carrying out conveyancing for a property purchase, reviewing your asset portfolio or pensions from a UK perspective, or helping with a visa application. Our many years of experience in this field has allowed us to develop a strong network that we can draw on when these services are required. If you need an introduction to one of these specialists, please let us know and we can facilitate an introduction.

Get in touch
Get in touch

For more information on the above or to speak to one of our UK tax experts about your requirements, please fill out the form below and we’ll contact you shortly. 

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