At Harrison Brook, we guide you through the financial advice aspects of UK tax planning. While we are not tax advisers, we work closely with trusted tax professionals and are happy to refer you when specialist advice is required.
What We Cover
Our expertise spans across key areas of financial relevance to your tax and estate planning:
Income Tax & Social Charges
Whether you’re earning in the UK or abroad, understanding your UK tax residency status is crucial. We help you navigate how your income streams interact with UK income tax rules, including the Statutory Residence Test and the remittance basis for returning expats.
Investment Income Taxation
Efficient structuring of dividends, interest, and capital gains can significantly impact your overall return. We’ll show you how to invest in tax-efficient wrappers such as ISAs, pensions, and offshore bonds to optimise your position.
Wealth Tax
While the UK currently does not have a wealth tax, ongoing political discussions around its potential introduction mean wealth structuring is more important than ever. We offer proactive advice to help futureproof your portfolio.
Inheritance Tax & Planning
Inheritance Tax (IHT) planning is essential for UK domiciled individuals. We provide guidance on financial instruments like life insurance in trust, pension transfers, and gifting strategies to mitigate your liability.
Our Role
We provide holistic financial advice, tailored to your individual circumstances. For technical tax calculations or HMRC filings, we connect clients with our network of trusted tax professionals.
FAQs
1. Do UK expats pay UK income tax?
Only if they are UK tax residents or have UK-sourced income. Your residency status determines this.
2. How are foreign investments taxed in the UK?
If you’re a UK tax resident, global investment income may be subject to UK tax unless you use the remittance basis (if eligible).
3. Can I avoid Inheritance Tax by living abroad?
Not necessarily. Your domicile status, not just residency, determines IHT liability.
4. Is there a wealth tax in the UK?
No, but it is being debated. Wealth structuring is still important to prepare for future changes.
5. Can I speak to a tax adviser through you?
Yes — while we are not tax advisers, we’ll happily refer you to trusted professionals.
