Many yacht owners choose to live in the UK even though they do not originate from the UK, falling into a category known as UK resident, non-UK domiciled individuals.
This arrangement provides the owner with a beneficial tax regime in the UK but there are some pitfalls, often overlooked when providing yacht management services to such owners.
Read our new article by Tim Joyce, Group CEO, here: www.sarniayachts.com/news/2021/yacht-expense-payments-to-the-uk/
