Postby AnthonyR » Tue Nov 28, 2017 9:56 pm
A) A child usually inherits the domicile of their father at birth (except where the parents are unmarried when they take the domicile of the mother) this is the domicile of origin.
Until they reach the age of 16, their domicile follows the person they are legally dependent on (father or mother), so if that person changes domicile then the child's will change as well.
They then have the ability later in life to acquire a domicile of choice.
B) It depends what happens to the asset. If it simply sits there until you or the child wants to use it then there's no UK tax issues. However, if it is let out and generates income which is brought into the UK then this income will be deemed to be your income and taxed on you.
The non-domiciled rules and parental settlement rules are quite complex, so I'd suggest you take some advice on the subject.