depleted unnecessarily . Tax efficient use of the remittance basis relies on clean capital being conserved and safeguarded , particularly as it is often uncertain how long the individual will be resident in the UK .
Prior to becoming resident in the UK , Professional advice should then be sought before bringing funds to the UK , in order to avoid inadvertently triggering a remittance giving rise to a tax charge . The advice should also cover the following areas :
� structuring the purchase of a home in the UK � managing investment portfolios to ensure that they are UK tax � compliant once the individual concerned is UK resident � managing existing interests in overseas companies after taking up UK residence � notifying the UK tax authorities of arrival in the UK � filing annual UK tax returns � dealing with tax and national insurance for any domestic staff .
How can Odiri Tax Consultants help ?
Odiri Tax Consultants can : �
� offer specialist tax advice to individuals on how to structure assets and business interests before coming to the UK , and on how to manage their tax affairs once they become UK resident provide a full tax compliance service , dealing with all the necessary tax returns and filings for individuals , their families and domestic staff
For more information on how we can help , please contact Loveth Watson on 01733808075 .