Mark Davies quoted in the FT re the Annual Tax on Enveloped Dwellings

Mark Davies was quoted in the Financial Times (FT) re the Annual Tax on Enveloped Dwellings (ATED): “Non-doms have often purchased homes through offshore companies to preserve their anonymity. Higher charges and lower thresholds show ATED has become a “penal” tax.” Read the full article here.

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Essential Tax Update on Budget 2015 for our international clients

An essential update for foreign domiciliaries and their advisers On 18th March George Osborne revealed his 6th and final Budget before the General Election. On the whole, there were few significant changes in personal taxation for the moderately well off.  The Chancellor set the tone when he said that the top 1% of earners will now…

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Rumours of extending UK CGT on UK property to Non Residents

There is an extraordinary anomaly when it comes to the taxation of capital gains on UK property. This is because foreign investors are not subject to Capital Gains Tax at all, while UK resident individuals are. At first glance this seems unfair, and there have been recent articles in the press which suggest that George…

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