https://www.thetimes.co.uk/article/millionaires-flee-uk-over-fears-of-political-chaos-swr9fggfv The Times Saturday, May 11th The Global Wealth Migration Review 2019 published by New World Wealth research group has revealed some startling statistics on the number of Ultra High Net Worth Individuals leaving the UK permanently in the last 2 years, with 7,000 more leaving than arriving. Australia and Canada seem to be…Details
Mark Davies reveals a warning for non-doms in ePrivateClient the leading online news service for private client practitioners.
There is a stark warning for non-doms with offshore structures in HMRC’s recent publication “No Safe Havens 2019”. Last year HMRC received 5.67 million records of UK tax payers’ offshore bank accounts under the Common Reporting Standard. They correlated these with the tax return submissions and property sale information of 500,000 individuals. Illegal tax evasion…Details
How does the Spring Statement 2019 affect non-doms? As expected, the Chancellor, Phil Hammond, had relatively little to say in tax terms in his Spring Statement. This is because all the tax changes coming into effect in April 2019 were announced in last October’s Autumn Budget. Anyway, anything he might say is overshadowed by the…Details
Fiscal Phil delivered his third budget speech on Monday 29th October promising that, “the era of austerity is finally coming to an end”. A ‘safe’ budget that would not disappoint many taxpayers. The headlines, more spending on the National Health Service, the military, road improvement etc. will generally find approval. More money will be in the…Details
Mark Davies will be joining a breakfast panel discussion updating advisers on HNWI Immigration, this Thursday 25th October at 8-00 AM. This forms part of David Bell’s Private Client Dining Club’s series of events and is being hosted by Lexis Nexis in London. Mark will be considering the tax implications of moving to the UK for high net worth…Details