The UK Government has announced changes to the immigration rules for the Tier 1 (Investor and Entrepreneur) Visa applicants with effect from 6th April 2015. Tier 1 (Investor) Visa applicants There is a new requirement to open a UK bank or investment account before applying for the visa. The minimum age for applicants will increase…
DetailsRevised visa rules have implications for non-doms’ tax liabilities Sergei is domiciled in Russia. He is a shareholder and director of a British Virgin Island company which owns interests in Russian companies. In turn, Sergei sits on the board of directors for these companies. Sergei intends to spend more than six months each year in…
DetailsMark Davies and Nick Beresford explain how the pre-UK residence offshore income and gains of a non-domiciled individual can remain outside of the UK tax net. To read the article please use the link below: Mark_Davies_for_Taxation_Magazine
DetailsThe taxation of residential property has been a minefield of late with a raft of changes to the way property investment is taxed in the UK. Mark Davies and Associates is hosting a property tax seminar entitled ‘Property Tax – a guide through the minefield’ and we are being joined by guest speaker, Sally Wang,…
DetailsThe 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…
DetailsAbout us Mark Davies & Associates are a firm of professional tax advisers, specialising in the UK taxation of foreign domiciliaries. With vast experience and extensive qualifications the team are regarded as leaders in tax issues surrounding residency, domicile, immigration and the remittance basis. We work in partnership with a number of high quality immigration…
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