Live in UK & Ireland and Pay Low Taxes (Non-Dom Remittance Basis Taxation)

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Here in Offshore Citizen, our main mission is to help people reduce taxes to the lowest legal amount possible. Today we are going to talk about a popular but not very well understood topic - non-domiciled remittance-based taxation.
If you're considering living in UK or Ireland this can be an outrageously good deal!

Remittance-based taxation on non-dom residents is only possible in a few countries, typically British Common law countries. These countries have a separate concept of resident and domiciled. In other words, one can be a resident but considered a non-domiciled for tax purposes.

Someone with non-domiciled status, sometimes called a 'non-dom', is a person living (i.e. resident for tax purposes) in the United Kingdom who is considered under British law to be domiciled (i.e. with their permanent home) in another country.

The Remittance Basis Charge (RBC) is payable by UK resident non-UK domiciled individuals who pay tax on the remittance basis due to making a claim for the remittance basis to apply, and who have been UK resident for a sufficiently long period to be within the scope of the charge.
This basically means that if you have foreign income, and keep that income outside of the UK, even if you live in the UK you will not be taxable on that income!

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Author: Michael Rosmer

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