What are exit taxes? In an increasingly mobile world, more countries are taxing unrealised gains when individuals move abroad. This article explains how exit taxes work, why they matter for HNWIs, where they’re used today, and the key factors to consider when planning a relocation, especially the importance of tax residency and robust evidence.
The end of the non-dom regime in the UK led to three core themes: increased relocation, UAE as a favoured destination, and behavioural changes around the underlying reasons to leave. Let’s look at what has happened and what you need to know if you’re considering leaving the UK.
Visiting family in Europe can blur the lines of Schengen compliance. Many HNWIs assume family connections offer more travel freedom, but the 90/180-day rule may still apply. This article explains the nuances of the Schengen rule for family travel and how Daysium helps you stay compliant and confident wherever you go.
UK non-dom reforms are raising the bar for trust compliance. Trustees can no longer rely on intent; they must be able to produce consistent, audit-ready tax residency evidence. Cowritten with Trident Tax, this article explores why traditional records fall short, how technology is reshaping standards, and what both Channel Islands and UK onshore trustees should do now.
Many HNWIs believe their day counting records are enough until an HMRC tax enquiry proves otherwise. From rough estimates to incomplete evidence, small assumptions can trigger costly investigations. Here are five common mistakes to avoid and how to safeguard your compliance.
Family offices manage wealth, safeguard reputations, cross-border structures, and tax compliance. Today, bulletproof tax residency records are essential to defend against audits, satisfy CRS/FATCA reporting, and support trusts and holding companies. With growing scrutiny in Europe and beyond, family offices that automate day counting, maintain strong evidence, and centralise compliance files can plan with confidence and protect the family’s legacy.
Moving countries is exciting but it’s also a minefield of emotional strain, admin overload, and hidden financial risks. One of the most overlooked? Day counting for tax residency. Get it wrong, and you could face unexpected liabilities. This article explores the psychological side of relocation, why day counting is so important, and how to make it a stress-free part of your move.
What happens when you’re stuck abroad due to illness or travel disruption? Some tax rules may let you disregard those exceptional days. But not all countries treat them equally, and claiming them isn’t easy. This article unpacks the concept of exceptional days in tax residency, explores global examples, and shows how to protect yourself with real-time tracking and solid documentation.
In the evolving world of family office planning, tax residency drift has emerged as a silent risk. As HNW families live and operate globally, even a few untracked days in a tax jurisdiction can trigger serious tax exposure. This article explores how to detect, prevent, and manage the risks with strategic, tech-enabled solutions.
Think you can prove tax residency if asked? In an age of AI audits and digital trails, your word isn’t enough. This article breaks down what counts as real evidence, why weak records won’t cut it, and how automation can secure your compliance without disrupting your lifestyle.
Leaving the UK isn’t just a matter of changing residence, it’s a strategic decision with lasting tax implications. As the non-dom regime ends in April 2025, HNWIs must carefully plan their exit. This checklist walks through essential pre- and post-departure steps to ensure tax compliance and protect your global interests.
Explore the jurisdictions supported by Daysium and get a quick overview of the key tax residency or visa rules for each. From Monaco to the UAE, we break down essential thresholds like the UK 90-day rule so you can stay compliant.