Any concerns that August would be a quiet month for news were well and truly extinguised by Prince Harry and Meghan with the surprise news that they will shortly move back to the UK. Their impending return immediately got media outlets buzzing with speculation. Did they want their children to get to know Harry's side of the family better? Tax lawyers got in on the buzz.
'Tell me you work in private client tax without telling me you work in private client tax,' one law firm partner mused on LinkedIn, suggesting the return might be tax-related. 'While everyone else was analysing the Royal Family dynamics, my immediate and instinctive reaction was to count on my fingers to check the temporary non-residence UK tax anti-avoidance rules... It takes a special kind of professional institutionalisation to see a historic royal family reunion and immediately think: “Hang on…how many tax years is that?' (The answer: six.)
Dhana Sabanathan, a partner in the tax, trusts and succession team at Michelores, suggested the couple would have been better in the US for a little bit longer. 'If they had remained non-UK tax resident for 10 consecutive tax years before returning, they could have enjoyed relief on their non-UK income and gains for the first four years of their return. Staying away for 10 years could have also enabled Harry to protect his non-UK assets from inheritance tax.'
Whatever the reason for Harry and Meghan's return, welcome back.






















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