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Residence and domicile advice
The UK can be a tax-efficient jurisdiction to live, work and invest in and it remains an attractive destination for individuals, families and businesses. Your UK residence and domicile status determines the basis on which you are entitled to tax allowances and exemptions, and liable for Income Tax, Capital Gains Tax and Inheritance Tax – so it is important to get it right.
If you are a UK resident, your worldwide income and gains are normally taxable in the UK, even if your foreign income and gains have already been taxed in another country, although in many cases you will receive tax relief for foreign tax paid.