Short video: Tax implications of returning to the UK

Moving back to the UK can bring a different set of tax considerations from relocating here for the first time. In this short video, Gravita Tax Partner, Thomas Adcock looks at some of the key areas to consider before returning, from the temporary non-residence rules to the tax position of assets and investments held overseas.

Thomas also explores the importance of planning across both sides of the move. This includes understanding any tax consequences of leaving your current country of residence, how you will be taxed once you return to the UK and whether you may be able to benefit from the Foreign Income and Gains regime after a long period of non-UK residence.

This video is bonus content following our webinar on the tax, payroll and legal considerations for coming to the UK, featuring Gravita Tax Partner, Michaela Lamb, Head of Payroll, Rebecca Aimey and Victoria Welsh, Partner and Head of Business Immigration at Taylor Rose. The full webinar covers the key issues for people moving to the UK, including tax residence, payroll and immigration considerations.

Thinking of moving back to the UK?

The tax implications of returning to the UK will depend on your circumstances, including how long you have been away, where you are moving from and the assets and income you hold overseas. Planning before you move can help you understand your position and identify any steps that should be taken before you become UK resident again.

Contact our team to discuss your plans and the tax considerations of moving back to the UK.