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Domicile limbo

24 January 2007
Issue: 4092 / Categories: Forum & Feedback
HMRC will not give a domicile ruling unless tax is at stake, so for the many UK nationals permanently resident abroad, the usual way to get HMRC to agree that they have adopted a foreign domicile of choice is to create a discretionary trust (or indeed any lifetime trust post-FA 2006) for an amount exceeding the nil rate band.

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