A flight of wealthy individuals leaving the United Kingdom is blamed on growing uncertainty regarding the legal status of non-doms. The trend was discussed by experts at a wealth mobility event in London last month, sponsored by Locate Guernsey, which was attended by more than 100 private wealth advisors. Other reasons for the mass move…Details
Autumn Budget 2017 Today’s Budget put enormous pressure on the Chancellor to pull something out of the hat, or, at the very least, not to foul up. It was a great day for Maths teachers because over £40 million was committed to their teacher training. The Chancellor was in good spirits and joked “More Maths…Details
All UK non-dom changes will take effect from 5th April 2017, the government announced on 13 July. These changes, along with other tax policies, were removed from Finance Act 2017 in the run up to the sudden general election on 8th June. Draft legislation was published on 13th July. It is proposed that the new…Details
Mark Davies to share his insights at the Post-Election: UK Landscape for Non-Dom Property Investment Conference – 20 September 2017
Mark Davies will be speaking at the Post-Election: UK Landscape for Non-Dom Property Investment Conference. It will take place on 20 September 2017 in London. The conference intends to provide confidence and complete analysis on how the significant changes taking place after 6 April 2017 will affect you and your clients.
HM Revenue & Customs (“HMRC”) has announced that the online central register for trusts, the “Trusts Registration Service”, will be launched very shortly. The register has been brought in to assist the UK government comply with the EU’s 5th Money Laundering Directive which came into force on 26 June 2017. Trustees anywhere in the world…Details
Britain could lose its wealthy non-doms to a more attractive deal, as Italy launches its own tax scheme. This follows a move by British authorities to clampdown on those with non-dom status and with Brexit on the horizon, it threatens to weaken the appeal of the UK as a home for international elites. With demand…Details