melaniee

I have an Australian one.
Would you renew your British one ?

ianhutch1

Only if I was planning to travel in Europe

Pollyana

Yes. Never know when it could come in handy

Swerv-o

I'm going to renew mine when I go back later in the year...


S

quoll

Definitely. You never know when you might need it.

Max&Ozzy

Depends on how strongly you intend to try and remove your British domicile status. Although Australia has no capital transfer tax that is not the case for British domiciles, no matter where in the world they live. End result is that your estate in Australia is still subject to UK inheritance tax and the treasury will want their cut. Not so if you denounce that domicile and adopt that of your chosen country. Very hard to do and holding a UK passport will certainly not help that case. To do so you must have NO connection or interest with the UK system. (excluding banking). A recent high court case was up held as a UK expat still had a gym and golf membership (he was a life member) so it remained that he had an interest in the UK. He hadn't set foot on UK soil for over 20 years.

Centurion

I haven't. I prefer to be on my Australian passport in the event of a disaster, civil unrest, terrorism incident or trouble with local officials overseas. Circumstances may change in the future at which point I may apply for it again until then I will not bother.

moneypenny20

That's got nothing to do with having both a UK and an Australian passports You can't denounce being British and just because you don't have a British passport doesn't stop you being British.

Whilst I don't like the expense of needing 8 passports for four people, I feel far more comfortable holding passports for both countries. You never know when you may need one over the other.

Devlin

If you are planning to travel then I say definitely renew it. My dealings with British consular officials around the world have been far more favourable than those with Australian officials! If I were in real trouble abroad I would go to the British for help over the Aussies.

melaniee

Anyone know how much it is ?

Also, is it easy enough to apply for from here ?

Perfectly happy travelling on an Australian passport-when we had to go back to the UK earlier this year we travelled on our Australian one all the way and back !

Max&Ozzy

Actually you can denounce your domicile of origin, which in most of our cases here will be UK. You can only legally hold one domicile at any one time and given the choice I'd be aiming for an Aussie one as that doesn't come with capital transfer tax. Unlike a UK one which does have such a tax. If you are still deemed domicile of the UK then all your assets, no matter where in the world they are situated, are subject to UK inheritance taxation.
Just by living in another country and being resident / citizen for income taxation purposes does not automatically give you domicile of choice in that country. You must take significant action to adopt that new domicile of choice. Maintaining a UK passport is a very big Achilles heel ot in terms of UK taxation and domicile.

Max&Ozzy

Hi Melaniee,

My short answer is no I wouldn't as I'm financially planning for the future.

However, should one day I wish to get one then I can, as I am British by birth and I allows will be. I am entitled to a passport no matter how expired the old one becomes.

But I do intend to separate my birth rights from my tax status.

Hino

Hi Melaniee,

Actually I've just renewed my UK passport today. The only reason that I did this is because I intend taking an extended vacation in UK and Europe ( please don't tell me that UK is in Europe ).

If you're not planning to spend time in Europe or return to UK in the near future, why go to the trouble and expense ?

If you decide to go ahead, my UK passport renewal cost A$293 and I'm advised that the processing time should be three weeks.

JAJ

I can detect some scaremongering here ...

Reality is that if your assets are in Australia and your will is in Australia, in practical terms you have no domicile remaining in Britain and more to that, the Inland Revenue will not even know about your estate. On the other hand, assets remaining in Britain always remain subject to Inheritance Tax.

(on top of that, even in Britain, 95% of estates are too small to pay any inheritance tax)

melaniee

Nealry $300 !!! Wow ! Maybe I won't bother just yet.............. !!