Midgley Snelling LLP recommends “non-doms” seek tax advice
Surrey accountant Midgley Snelling LLP is urging non-domiciled residents to consult a specialist about tax planning opportunities that may still be available to them.
Tax benefits are still available to “non-doms” depending on a number of factors, including the length of residence in the UK however even calculating these can be complicated, which is when help is needed.
Managing Partner Robin Sewell, who has many years experience in international tax planning, said: “The UK tax rules that apply to non-doms are complex but there are still worthwhile opportunities to take advantage of that status”.
“While advice should ideally be sought before becoming a resident in the UK, it is always worth overseas nationals checking if any tax planning opportunities are still available – regardless of how long they have been resident.”
“We have many years’ experience in advising individuals – especially non-doms – on tax, financial and commercial matters. Consequently, we understand the many factors that govern which tax benefits can be available, including the care that must be taken in the implementation of any planning and the importance of such basic things as properly recording overseas income, gains and assets.”
Midgley Snelling LLP provides a full range of international services, advising on:
- Income tax
- Capital gains tax
- Inheritance tax
- National insurance contributions
- Setting up and implementation of onshore and offshore trusts
- Immigration matters
- International VAT reclaims
- Tax relief for foreign pension contributions
- Services for non-resident landlords
In addition to the international skills and services that Midgley Snelling LLP offers, they also provide a full range of UK accounting, audit, tax and related financial services.
“Whether you are a resident or a “non-dom”, we understand individual needs and provide real solutions to real problems,” added Robin.
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