The UK offers a very advantageous tax regime to foreign domiciled residents yet its complexity requires specialist tax advice in order to make the most of it. We are thought leaders in the field of non-dom tax, advising on domicile, residency and the remittance basis as well as offering bespoke tax planning and tax return preparation services.
Trusts are useful in tax planning, particularly as a shelter from inheritance tax. We can enable you to set up a trust through very practical advice and by recommending from an array of offshore trustees with whom we have long established relationships as Mark Davies founded his business on his experience as a tax adviser on the offshore island of Guernsey.
Whether you are buying, selling or own UK property we can advise which property taxes and reliefs, such as the new Capital Gains Tax regime, affect your particular set of circumstances. For example, the inheritance tax consequences of non-doms owning UK property are often overlooked. We can help you to arrange your tax affairs to maximise your investment.
We can provide step by step guidance through the daunting experience of an investigation, negotiating with HMRC on your behalf whilst shielding you from unnecessary intrusion. Unusually, our Investigations Team are also specialists in the tax structures often scrutinised by HMRC. If you have undisclosed tax liabilities we can help you become compliant using amnesties such as the Liechtenstein Disclosure Facility.
We advise Russian speaking clients on pre arrival tax planning, property transactions and remitting money to the UK. Recently, HMRC has targeted non-doms’ tax returns and our technical knowledge and thoroughness can reassure you in the glare of this scrutiny. Our Russian speaking desk can guide you through UK domicile and residency, Russian deoffshorization and advise on tax deductions available.
Tax advice on image rights was once the preserve of premiership footballers. However, Guernsey’s new Image Right Registry means that a much wider range of sports celebrities, entertainers and models can structure advertising and endorsement revenue in the most tax efficient way.
Mark Davies & Associates are specialists in UK tax law for foreign domiciliaries which equips us better than general practice advisers to complete tax returns for “non-dom” clients. Our clients range from those requiring a simple tax return prepared to multi-billionaires with complex offshore structures.
We can help you choose from a range of jurisdictions, taking into account the legal and financial requirements of each. If you choose to become tax resident in a jurisdiction as well as its citizen, we can compare tax regimes and of course lifestyles including healthcare and schooling offered.