Political point scoring over the non-dom tax regime has continued in recent times with shadow Chancellor, Rachel Reeves, pledging if elected, to reduce the time that the Remittance Basis can be accessed from 15 to 5 years. In this article we round up our response to the debate. Details of Labour’s plans remain in the…
DetailsOver the past week I have been asked by many journalists to comment on the tax affairs of Akshata Murty, the wife of Rishi Sunak. In this article I clarify the UK tax rules which underpin the controversy over her non-dom status. Domicile is matter of choice. There is an expression, “home is where your…
DetailsThe UK’s Tier One “Investor Visa”, which gave wealthy immigrant investors the opportunity to live in the UK for an investment of £2 million and above in qualifying UK assets, was suspended without warning on the 17th February 2022, with immediate effect. Those persons holding the Investor Visa already, or those with pending applications, will remain eligible…
DetailsThe new appointment of Craig Kemsley, as a Tax Partner at Mark Davies & Associates, brings a wealth of private client experience to our team. Craig advises international families, single family offices and successful entrepreneurs on UK and International tax issues arising on their personal and business interests. Craig develops robust and sustainable tax solutions…
DetailsRoger Holman and Mark Davies are thrilled to be listed amongst the Top 10 Accountants and Tax Advisers in the 2022 edition of the Spear’s 500. This is an indispensable guide to the top private client advisers, wealth managers, lawyers and service providers for HNW individuals. We would like to thank the team at Spear’s…
DetailsThis January there is some relief for tax advisers and their clients from the gnawing anxiety which grows as the 31st approaches. Although this is the deadline for the submission of personal tax returns, HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for one month. This gives extra time, if…
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