Leave the UK & Avoid Tax Traps: Non-Resident Tax Secrets from a Barrister

Описание: ✈ Are you thinking about leaving the UK for better opportunities abroad? 🌍 Before you make the leap, there are essential tax implications you need to be aware of! 🇬🇧

In this video, UK tax barrister Andy Wood takes us through a real-life case study of an entrepreneur planning to relocate to Dubai. We’ll cover:

✅ The potential tax savings of becoming a non-resident
✅ The 5-year rule (also known as the Deadpool rule) and how it could impact you
✅ How to plan your move to Dubai effectively
✅ The truth about Inheritance Tax (IHT) for UK expats
✅ Practical steps to take before packing your bags!

Learn how to avoid common traps and plan your relocation with confidence. This is your ultimate guide to navigating UK tax laws and building a brighter future overseas.

Chapters
00:00 - Planning To Leave The UK
2:34 - Research Your Destination
4:00 - Non Resident Case Study - Moving To Dubai
6:08 - UK Resident and Domiciled
7:04 - What is the Benefit of a Non-UK Resident Status?
8:47 - The 5 Year Temporary Non-Residence Rule (Deadpool Rule)
12:22 - How To Break UK Residence
14:14 - Automatic Non-UK Tests
17:54 - Split Year Treatment
21:26 - The Split Year Trap
24:45 - Inheritance Tax Position
29:10 - Conclusion

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Sources:
https://www.gov.uk/tax-right-retire-a...
https://www.gov.uk/guidance/get-your-...
https://www.gov.uk/inheritance-tax/wh...
https://www.gov.uk/tax-right-retire-a...

#nonresident #leavingtheuk #iht #expattaxes #taxlaw #taxadvice