Good news for non-doms
Please see our mention in STEP news on encouraging news for non-doms in last week’s budget. Click here
DetailsSpring Budget 2016 – Essential Tax Update for Non-doms
George Osborne’s eighth Budget (and my 22nd commentary) did not fail to deliver surprises. It is expected that a Chancellor will take the opportunity to use the Budget to throw sweeteners at the electorate. This year the Chancellor did that literally with the announcement of a Sugar Levy. Headlines Corporation tax is getting a revamp…
DetailsThe facts behind the headlines – Zac Goldsmith’s non-dom status
Mark Davies in Spear’s Magazine on 16th March 2016:- The Conservative mayoral candidate, Zac Goldsmith, has been forced to reveal details of his tax affairs after he came under fire from opposing MPs regarding the potential advantages his domicile status had on his tax bill. We understand that prior to 2009 Goldsmith declared himself to…
DetailsFlight of the non-doms? Will George Osborne’s non-dom reforms do more harm than good – Mark Davies joins the debate
Mark Davies joins the debate in The Financial Times today:- Flight of the non-doms? by Harriet Agnew Wealthy beneficiaries say they will leave the country if Britain revamps a special tax status The Boltons in the royal borough of Kensington and Chelsea is one of the most exclusive addresses in London, yet in this street and…
DetailsBudget 2016 – Wednesday 16 March
Will there be clarification of the non-dom reform proposals?
Draft legislation on the taxation of non-doms – more to come
The 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…
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