Residency vs domicile: a short guide

Few subjects are more confusing for British expats than the subject of “domicile and residency” Whilst it may be tempting to ignore these terms, they have a huge impact on your financial plan as a British person living abroad – especially regarding your tax liability. Below, our Murcia financial planners here at Scottsdale offer a short guide to discerning the main differences between domicile and residency. We include some ideas about how to navigate the rules confidently in light of your unique financial goals and situation as an expat.