Are non-doms paying a “fair share” of tax? Today, HMRC has published its yearly figures on the numbers of UK tax payers claiming non-dom status on their tax return. This makes interesting reading as they are the first set of statistics released since the last drastic overhaul of the non-dom regime. The 2017/18 tax year…Details
Citizenship by Investment – In a “Wealth Briefing” article Sian Armitage shatters the myth that it is a danger to international security.
Citizenship by Investment Investors are being incentivised to buy property in Dubai with the opportunity to obtain a Moldovan passport offered as part of the property package. Does this market in citizenship by investment expose countries to criminals who wish to launder money within their borders? In this article in Wealth Briefing Sian explores some…Details
The Opportunity of a Lifetime? The FIFA Women’s World Cup kicked off in France on June 7th, and there’s a genuine feeling of excitement amongst those involved that the tournament represents a game changer for women’s football. With the quarter finals around the corner we explore an opportunity that could present itself to the current…Details
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