As businesses continues to be more and more global and our clients’ personal interests diversify, we are regularly engaged by clients looking to move overseas. This can be for a multitude of lifestyle and/or commercial reasons, and we are ideally placed to help guide them through this process of Leaving The UK.
Our Services
We have worked with a large number of clients on international relocations:
- Ultra-high net worth families moving to the UK from China, the UAE and India for example, typically for the children to attend schools here. Our vast experience of the UK non-domicile regime for those moving from overseas allowed us to provide valuable UK tax and asset structuring advice before the clients arrived and again on their leaving the UK.
- A husband and wife who were equal owners of a manufacturing business in the North of England who wanted to live in a sunnier climate. They were open-minded as to where they may want to live in Europe, and our experience of the favourable tax regimes in countries such as Italy, Spain and Portugal meant that we could share practical insights to help inform their decision about leaving the UK.
- A recently-divorced individual who wished to start a new chapter of his life abroad, with a particular interest in Switzerland having spent many happy family holidays there. Working with Swiss counsel, we provided an overview of the key tax, lifestyle and practical considerations for different cantons (which vary drastically) before project-managing the client leaving the UK.
- Working with Italian counsel to obtain a binding ruling for a client moving under the ‘non-habitual resident’ lump sum tax regime, giving her certainty as to her Italian tax position on leaving the UK.
- A high net worth individual moving to Jersey, where he had already established substantial business interests and wished to be closer to their activities on a day-to-day basis. This included structuring the purchase of a local property and managing the breaking of the client’s UK residence carefully under the UK Statutory Residence Test.
- A high profile Middle Eastern businessman relocating his family to the UK for reasons of privacy, security, lifestyle and excellent education, while he continued to travel extensively overseas for his business.
Outcome
Our independence, combined with expansive networks of professional contacts in almost any conceivable jurisdiction, meant that we provided a level of service to rival the biggest multinational firms.
Our Founder-led approach sets us apart, as every client always has direct access to the Pure Tax senior team to discuss their affairs directly.
Please note: this case study reflects the facts, circumstances and tax position at the time the project was undertaken. It has not been updated for any subsequent change in tax law or practice and must not be construed as advice, or otherwise relied upon for any purpose.
HOW CAN PURE TAX HELP?
At Pure Tax our Tax Investigation & Disclosure specialists are industry recognised and have dealt with hundreds of contentious situations with HMRC over the years. We are adept at managing interactions with the tax authorities to ensure that the investigation and disclosure processes run smoothly and that your interests are best protected.
We don’t offer tax compliance services and we don’t offer all private client advisory services. However, the focused tax advisory services we do provide are second to none. From our experience and mixed expertise, we deliver comprehensive tax advice meticulously for anyone leaving the UK.
The right help at the right time ensures that HMRC are effectively managed and enquiries and disclosures are concluded expeditiously.
Our team are experts at providing bespoke tax advisory services and resolving contentious tax issues accurately and efficiently. We are highly adept at managing our clients’ interactions with HMRC to ensure processes run smoothly and that our clients’ interests are best protected at all times.
Learn more about how we have helped our clients through their kind feedback here.
