Tax Health Check

Make sure your tax position is working for you — not against you

It is important to check in on your tax circumstances from time to time. A professional tax health check gives you clarity, confidence, and control over your current tax position.

This is particularly valuable if you have experienced a change in circumstances — such as relocating internationally, receiving new income streams, restructuring investments, or navigating UK/US cross-border tax obligations.

Our tax health check provides a full, structured review of your situation, with the aim of identifying risks, uncovering inefficiencies, and highlighting opportunities to simplify and optimise your tax affairs.

What is a Tax Health Check?

A tax health check is a comprehensive review of your personal tax position across jurisdictions, income sources, and investment structures.

We take a holistic view of your finances to ensure everything is aligned, compliant, and as efficient as possible.

The goal is simple:

  • Reduce unnecessary tax exposure

  • Improve tax efficiency

  • Eliminate complexity where possible

  • Ensure compliance across all relevant tax regimes

When Should You Consider a Tax Health Check?

You should consider a tax health check if you have experienced any of the following:

A move between the UK and the US
Changes in residency or domicile status
New or complex investment holdings
Receiving income from multiple countries
Starting, selling, or restructuring a business
Inheriting assets or planning for succession
Concerns about compliance or reporting obligations
Even without a specific trigger, periodic reviews are a smart way to stay ahead of potential issues and reduce your potential exposure to tax.

What We Review

Our tax health check typically includes, but is not limited to, the following areas:

Foreign Tax Credit Utilisation

We assess whether you are fully utilising available foreign tax credits and not paying more tax than necessary across jurisdictions.

UK/US Investment Efficiency

We review your current investment portfolio to identify inefficiencies and recommend tax-optimised structures tailored to UK and US tax rules.

Passive Foreign Investment Companies (PFICs)

We identify PFIC exposure and provide guidance on how to manage or mitigate the often punitive tax treatment associated with these investments.

Non-Reporting Funds

We review holdings in non-reporting funds and highlight potential tax consequences, alongside strategies to improve tax efficiency.

FIG (Financial Interest Group) Considerations

We evaluate any FIG-related structures or exposures to ensure compliance and efficiency within your overall tax position.

What we review

Our tax health check typically includes, but is not limited to, the following areas:

Foreign Tax Credit Utilisation
We assess whether you are fully utilising available foreign tax credits and not paying more tax than necessary across jurisdictions.

UK/US Investment Efficiency
We review your current investment portfolio to identify inefficiencies and recommend tax-optimised structures tailored to UK and US tax rules.

Passive Foreign Investment Companies (PFICs)
We identify PFIC exposure and provide guidance on how to manage or mitigate the often punitive tax treatment associated with these investments.

Non-Reporting Funds
We review holdings in non-reporting funds and highlight potential tax consequences, alongside strategies to improve tax efficiency.

FIG (Financial Interest Group) Considerations
We evaluate any FIG-related structures or exposures to ensure compliance and efficiency within your overall tax position.

Our Approach

We take a practical, tailored approach to every tax health check:

1. Initial Review
We gather key information about your income, assets, residency, and tax filings.
2. Detailed Analysis
We conduct a thorough review of your tax position across all relevant jurisdictions.
3. Issue Identification
We highlight risks, inefficiencies, and missed opportunities.
4. Clear Recommendations
You receive actionable, easy-to-understand advice on how to improve your tax position.
5. Support with Implementation
Where needed, we can assist in putting the recommended changes into place.

Benefits of a Tax Health Check

  • Gain clarity over your current tax position

  • Reduce the risk of non-compliance

  • Identify and eliminate inefficiencies

  • Optimise cross-border tax outcomes

  • Simplify complex structures

  • Plan ahead with confidence

Who this is for

Our tax health check is particularly suited to:

  • UK/US dual taxpayers
  • International professionals and expatriates
  • High-net-worth individuals
  • Individuals with cross-border investments
  • Anyone with complex or evolving tax circumstances

Rules around tax, especially across UK/US dual taxpayers, are complex and constantly evolving. What worked in the past may no longer be efficient or compliant today.

A review can prevent costly mistakes and reduce unnecessary tax liabilities.

Get Started today

If you would like a clearer understanding of your tax position and how it can be improved, a tax health check is a practical first step.

Get in touch to arrange your review and take control of your tax affairs.

CONTACT
Scroll to Top