Brexit exits – don’t get caught out by the IHT deemed domiciled rules

30 June 2016

Brexit uncertainties may be giving fresh impetus to many UK resident non-UK domiciliaries who are thinking about their residency plans. However, for res non-doms, it’s important not to lose sight of another key tax change now on the horizon – the change in the Inheritance Tax (IHT) deemed domiciled rules. A person is deemed domiciled […]

Read more

Changes to business investment relief: a sop to non-doms?

10 December 2015

Business investment relief (BIR) has been a feature of the UK tax system since April 2012 and it is unusual, being the only exception to the remittance basis of taxation that is ‘purpose-specific’. BIR allows UK resident non-doms to bring into the UK untaxed foreign income and foreign gains without making a taxable remittance of […]

Read more

‘Will you still need me, will you still keep me…?’ Offshore trusts and non-doms

29 October 2015

We now have further details of the proposed changes in April 2017 to the UK’s remittance basis of taxation for non-doms, courtesy of the Treasury’s September 2015 consultation paper. The changes to how non-UK (i.e. offshore) trusts will be treated is particularly dramatic. How bad the changes are for you will depend on whether you […]

Read more