If you live in the UK and your financial interests are also based in the UK, we can provide holistic advice and support about the specific tax implications for your individual circumstances. We can help you to pay the right amount of tax, in the right place, at the right time.

As experts in the UK taxation system, we can provide you with advice and support on all aspects of UK personal tax including:

• Self-Assessment
• Capital Gains Tax
• Trust Taxation
• Communicating with HMRC
• Inheritance Tax
• Tax Planning
• Income Tax

As the value of an individual’s assets rise, tax obligations can become more complex especially if income and assets span across multiple countries.

If you have a high level of assets and income, we can provide you with a number of services to help manage your UK tax affairs most efficiently.

Specifically, we can support you by:
• Simplifying complex tax affairs
• Ensuring compliance with UK taxation regulations
• Finding the most effective tax solutions

Also, as a registered tax agent, we are able to submit Tax Returns electronically for our clients wherever they are based in the world. So, if you are a non-UK resident needing to pay tax in the UK and you choose us to help you, we can help make this process simpler for you so you pay the right amount of UK tax in the right place at the right time.

It is important for people moving from the UK to understand what UK tax regulations are specifically relevant to them so that they pay the correct amount of UK tax. It is important because failure to pay the correct amount of UK tax can have legal and financial consequences.

The UK’s ‘Statutory Residence Test’ is a complex series of tests that determine the residence position of anyone leaving the UK. It’s not necessarily the case that by leaving, you become non-resident. We can help you understand how these tests might impact your individual situation – and advise on the various pitfalls within the rules.

If you are planning to leave the UK, we offer a ‘UK Tax Departure Briefing’ service which provides detailed information and advice about your expected UK tax residency position post relocation, and further support in ensuring correct disclosure to HMRC.

Our ‘UK Tax Departure Briefing’ consists of an initial detailed conversation so that we can understand your specific circumstances and advise you accordingly. We will then provide you with detailed notes of our advice so that you know what to do regarding your UK tax affairs when you leave the UK.

From our Departure Briefing, you will know what your tax position will be from a UK perspective. We can then support you with the relevant administrative issues that are required by HMRC – whether that is a P85 form, registering as a non-resident landlord, completing a DT Individual form, or a self-assessment tax return in the year of departure.

If you’re a UK tax resident, you are taxable on your worldwide income and gains, unless you are claiming the remittance basis – although this is soon likely to be abolished. You may also have tax obligations in the country where those assets are situated, but paying tax in another country doesn’t remove your UK tax obligations. This is often an area where HMRC investigate UK tax residents, if they’ve been informed by other jurisdictions that an individual resident in the UK has foreign assets and earnings.

If you have foreign income and gains that are taxable in the UK by virtue of being UK tax resident, you will need to complete a self-assessment tax return to disclose such income and gains to HMRC and pay the appropriate tax. We can help provide support for this tax return process, and it’s worthwhile seeking professional advice as the way in which foreign income and gains is taxed can be very complex: for example trust income is treated differently from fund returns, and within the scope of investment funds, depending on their set up, the taxation in the UK can also change.

It is important for people moving to the UK to understand what UK tax regulations are specifically relevant to them so that they pay the correct amount of UK tax. It is important because failure to pay the correct amount of UK tax can have legal and financial consequences.

The UK’s ‘Statutory Residence Test’ is a complex series of tests that determine the residence position of anyone arriving in the UK. You may become UK tax resident earlier than you think, or you may be able to benefit from current ‘non-domicile’ rules – although these are expected to change. We can help you understand how these tests might impact your individual situation – and advise on the various pitfalls within the rules.

If you are planning to come to the UK, we offer a ‘UK Tax Arrival Briefing’ service which provides detailed information and advice about your expected UK tax residency and domicile position post relocation, and further support in ensuring correct disclosure to HMRC.

Our ‘UK Tax Arrival Briefing’ consists of an initial detailed conversation so that we can understand your specific circumstances and advise you accordingly. We will then provide you with detailed notes of our advice so that you know what to do regarding your UK tax affairs once you are in the UK.

From our Arrival Briefing, you will know what your tax position will be from a UK perspective. We can then support you with the relevant issues that are required by HMRC –such as a self-assessment tax return in the year of arrival and thereafter and ongoing support particularly in relation to foreign sourced income and gains that may be taxable in the UK.

For non-UK tax residents who have financial and business interests in the UK (e.g. owning property), it is important that they understand which UK tax regulations are relevant to them so that they pay the right amount of UK tax.

If you have financial and business interests in the UK but are not a tax resident of the UK, we offer an Expatriates Tax Advisory Service which provides expert guidance on UK assets, residency rules, UK tax obligations, Self-Assessments and property taxation. We also provide a comprehensive tax compliance service which covers submission of electronic tax returns, non-resident capital gains tax returns, non-resident landlord registration and any other disclosures required by HMRC.

If you are not a specialist in UK personal tax affairs particularly as it relates to issues regarding residency, domicile, expatriates or complex employment situations, LSR Partners are happy to work alongside you with your clients to ensure the best possible advice and compliance work in this specialist area.

LSR Partners works with a number of overseas advisors to provide the UK end of personal tax advice, typically where their clients are relocating into the UK. We are happy to work in partnership with you to provide a fully integrated service across the jurisdictions involved.

Please get in touch to discuss the best way of working together – we are always happy to be a flexible as possible to build a mutually beneficial relationship.

HMRC investigate individuals within the UK tax system in relation to their tax affairs. You may receive a section 9A enquiry, which gives HMRC the right to investigate a submitted tax return in more detail. HMRC may also write to you if they become aware that you have income or gains that have not been appropriately reported to them. This can happen as a result of information sharing agreements that HMRC has in place with various other jurisdictions.

We can support you through the process of dealing with HMRC – we will prepare the relevant calculations, write to HMRC on your behalf and deal with any further queries they may have. By using this service, you can get peace of mind that the issue will be appropriately dealt with in a timely manner.