Read our recent commentary in STEP on the decline in Investor visa applications
The amount required to qualify for a UK investor visa has doubled since 2014 and there is fierce competition from other EU states. click here
DetailsMark Davies quoted in Financial Times this morning – Osborne flags “targeted” non-dom rules
Financial Times comments on Treasury’s proposals on non-dom reform
Proposed reforms to the taxation of non-doms announced by Treasury
Summary of Consultation Paper issued 30 September 2015 Government’s stated policy aims:- Persons who are UK resident in 15 out of the last 20 tax years will become “deemed domiciled”. They will pay tax on their worldwide personal income and gains, but foreign income and gains sheltered within an offshore trust will escape taxation. Persons…
DetailsOpening the envelope? STEP Journal publishes our “Pros and cons of de-enveloping UK residential property”
Mark Davies, Jon Elphick and Nick Beresford consider the benefits of unwinding an existing offshore structure. KEY POINTS What is the issue? Further changes are being introduced that will result in offshore structures owning UK residential property becoming less attractive from a tax perspective. What does it mean for me? These structures need to be reviewed to…
DetailsEmployee Benefit Trusts – HMRC win against Rangers FC
The Court of Sessions in Scotland have overturned previous Tribunal decisions and found in favour of HM Revenue & Customs. The judges have decided that payments by Rangers FC to the principal trust of an employee benefit trust amount to “a mere redirection of emoluments and earnings” and therefore were subject to income tax and…
DetailsKeeping it clean – our remittance planning tips published in Private Client Adviser
Click here to see our article in Private Client Adviser on isolating and preserving clean capital.:- Keeping it clean
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