Duncan Bannatyne has accused Dragons’ Den co-star James Caan of having an “unfair” advantage over him in business due to his non-domicile tax status.
Writing in the Daily Telegraph, Bannatyne said: “As I pay UK tax on all of the earnings that fund my lifestyle, and Corporation Tax on all of the profits made by my businesses, I am clearly at an unfair disadvantage. It’s just as well James and I get on.”
The tax issues surrounding UK Domicile and Residence are complex and often misunderstood.
Lynam Tax domicile specialists have decades of experience in dealing with tax residence and domicile issues.
Call Paul Lynam today for an initial free, confidential, no obligation, discussion: 0845 643 9997 or Andrew Nutbrown on: 07718 778710