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      YTD
  NY DJIA 24,965 26.32%
  NY NASDAQ 7,234 34.39%
  London FTSE 7,227 1.17%
  Tokyo Nikkei 21,971 14.94%
  Shanghai SSE 3,199 -1.55%
  Frankfurt DAX 12,429 8.26%
  Paris CAC 40 5,269 8.36%
  Singapore SGX 3,513 21.99%
  Malaysia KLSE 1,858 13.18%
  Thailand SET 1,801 16.71%
 
    USD EUR
  GBP 0.72 0.88
  JPY 107.51 132.43
  EUR 0.81 -
  USD - 1.23
  CNY 6.34 7.81
  CAD 1.27 1.56
  AUD 1.27 1.57
  HKD 7.83 9.64
 
      YTD
  Gold $1,330.80 15.63%
  Brent Crude $64.59 17.52%
  Silver $16.45 0.06%
  Platinum $996.20 4.64%
  Natural Gas $2.58 -21.29%
  Wheat $460.25 13.36%
   
    Updated On 21-02-2018
 
Overview of Domicile
Domicile is a general law concept and is distinct from nationality or residence. It is not possible to list all the factors that affect your domicile but broadly speaking, you are domiciled in the country where you have your permanent home.  

A UK 'resident' for tax purposes is anyone, of any nationality, who spends more than half the year (strictly 183 days) in the UK for any reason - work is a common one. By itself that would normally make them liable for UK income tax on their worldwide income. The anomaly, however, is that the same individual could simultaneously be 'non-UK domiciled' because their 'permanent legal home', as the tax rules put it, is not the UK. Non-domicile status is given to people who were either not born in the UK or whose parents spent most of their lives in another country.

Even a British citizen who has spent most of their adult years outside the UK, could still be liable to pay UK inheritance tax. Probably the most famous case of this sort involved the actor Richard Burton. Although he lived in the US for 27 years, because his body was buried in Wales, the Inland Revenue deemed him still residing in the UK and took £2.4m in inheritance tax (IHT).

If you would like to understand more about UK inheritance tax (IHT) click here.

There is no way to conclusively determine if you have lost your UK domicile status, but the HMRC does provide a document (DOM1whereby you can declare yourself a non- domicile. Once complete, simply send to your last known tax office in the UK. If you are not sure where that is, you can give them a call on +44 151 210 2222.  If you would like to read a more thorough overview of UK domicile law please click here.
Concept of domicile
UK Inheritance Tax
 
 
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