Is permanent residence different to domicile?
Jay Garcilazo (March 7th, 2010) Writes:
Back in March 2000, Lord Ashcroft undertook:
“to take up permanent residence in the UK again before the end of this calendar year.”
Many people assumed this meant that he would cease to retain his non dom status. In fact as all half decent tax advisers will tell you there is an enormous difference between the concepts of residence and domicile. Even a ‘permanent’ resident can, if not currently domiciled here, retain their non dom status. This is because that status is dependent on a number of other factors including where they anticipate ending their days.
Lord Ashcroft’s advisers will have been well aware of the ambiguity of his statement and that he could retain his non-dom status whilst also being “fully tax resident” in the UK. He will have been liable
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