Cross-Border US-UK and 2025 Significant United Kingdom Tax Changes with Alexandra Britton-Davis

The Essential Tax Podcast with Mishkin Santa, Episode 18 In this episode of The Essential Tax Podcast, Mishkin Santa speaks with Alexandra Britton-Davis, partner at Saffery. Alex advises high-net-worth individuals, trustees, and family offices on their UK tax affairs, estate and succession planning. In particular, she focuses on advising UK-resident non-domiciled individuals and clients with multi-jurisdictional personal or business interests. Tune in for these key takeaways: New UK non-dom tax rules, including the FIG regime, which replaces the remittance basis, providing significant changes for new and existing UK residents The FIG regime, which allows for a four-year tax relief on foreign income and gains without any fee but requires detailed reporting, significantly increasing the complexity of tax returns for affected individuals. The new UK inheritance tax rules reduce the taxable period for non-doms from 15 to 10 years, with a 'tail' period holding individuals liable for global assets tax depending on their years of residence. The impact of the new rules on foreign trusts, highlighting the importance of pre-move planning and professional advice to navigate tax liabilities and avoid double taxation issues Learn more about Guest Name: * Connect with Alexandra on LinkedIn: https://www.linkedin.com/in/alexandra-britton-davis * Read Alexandra’s bio on Saffery’s website: https://www.saffery.com/our-people/alexandra-britton-davis * Follow Saffrey on LinkedIn: https://www.linkedin.com/company/saffery/mycompany Further resources:  * Previous Podcast with Andrea Solana: https://podcasts.apple.com/us/podcast/united-kingdom-tax-law-changes-potential-impact-on/id1754660944?i=1000667168765  * Saffrey Article on the UK Non-Dom Tax Changes: https://www.saffery.com/insights/articles/non-dom-tax-changes-the-fig-regime-cgt-and-income-tax  * Saffrey Article on the UK Inheritance Tax Changes: https://www.saffery.com/insights/articles/inheritance-tax-reforms-for-uk-non-doms  * Saffrey Article on the UK Taxation of Offshore Trust Tax Changes: https://www.saffery.com/insights/articles/taxation-of-offshore-trusts  * Saffrey Article on the Statutory Residency Test in the UK: https://www.saffery.com/insights/publications/statutory-residence-test  * Nexia International Network: https://nexia.com *********************************** About The Essential Tax Podcast: In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that make your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas. Watch or listen to more episodes of The Essential Tax Podcast:  * https://www.youtube.com/@TheWolfGroupPC  * Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944  * Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf Connect and learn more from your host, Mishkin Santa:  * Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta  * Follow The Wolf Group, P.C. on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc  * Read Mishkin’s bio on Wolf Group, P.C.’s website: https://thewolfgroup.com/our-people/mishkin-santa