Non-Domiciled

Non-Domiciled Status
Non-domiciled status refers to the tax classification of a person whose country of domicile is different from their country of residence, impacting their tax liabilities.
Non-Resident (Tax Status)
The status of an individual who does not reside in a specific country for fiscal purposes, potentially affecting their tax obligations within that country.
Remittance Basis
The remittance basis is a UK tax rule affecting individuals who are resident but not domiciled in the UK. It allows them to limit their UK tax liability on foreign income and gains only when these are brought into the UK.

Accounting Terms Lexicon

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