Tax planning for Non-Resident Indians (NRIs)
RKG Consulting is uniquely placed to assist Non-Resident Indians (NRIs) living in the UK in their tax planning. The term NRI may loosely be used to include not only individuals born in India but presently living in the UK but also to many individuals actually born in the UK but of Indian parentage. Even though the person his or herself is born in the UK but their father was born abroad (in this case in India), they could still regard themselves as “non-domiciled” and therefore benefit from the many tax advantages the UK offers to “non-doms”.
Read the articles below to find out what these tax advantages are in terms of structuring the holding of personal investments or businesses.
- NRIs : tax considerations
NRIs may seek a ruling from HMRC regarding their “domicile” position but they must have sources of income or gains abroad in order for the application to be “relevant”. Simply ticking the non-domicile box on the tax return may have adverse tax consequences so do take advice before any action is taken. NRIs should also refer [...]
- NRIs : Tax structures
RKG Consulting can assist NRIs with appropriate tax structures for holding of UK and overseas assets such as buy-to-let residential or commercial property portfolios . We can employ “asset holding” structures such as an offshore trust with interests in an offshore company which owns UK property, LLP structures, family partnerships and other onshore and offshore entities. We work [...]