Spring Budget 2016 – Essential Tax Update for Non-doms

George Osborne’s eighth Budget (and my 22nd commentary) did not fail to deliver surprises. It is expected that a Chancellor will take the opportunity to use the Budget to throw sweeteners at the electorate. This year the Chancellor did that literally with the announcement of a Sugar Levy. Headlines Corporation tax is getting a revamp…

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Flight of the non-doms? Will George Osborne’s non-dom reforms do more harm than good – Mark Davies joins the debate

Mark Davies joins the debate  in The Financial Times today:- Flight of the non-doms? by Harriet Agnew Wealthy beneficiaries say they will leave the country if Britain revamps a special tax status  The Boltons in the royal borough of Kensington and Chelsea is one of the most exclusive addresses in London, yet in this street and…

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Draft legislation on the taxation of non-doms – more to come

The Government has released draft legislation to the UK domicile rules. The proposed modification follows the Chancellor’s recent abolishment of permanent non-dom status in last year’s Summer Budget. Finance Bill 2016 proposes the introduction of the concept of “deemed domicile” for income tax, capital gains tax as wells as inheritance tax for persons who were…

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