Summary of Consultation Paper issued 30 September 2015 Government’s stated policy aims:- Persons who are UK resident in 15 out of the last 20 tax years will become “deemed domiciled”. They will pay tax on their worldwide personal income and gains, but foreign income and gains sheltered within an offshore trust will escape taxation. Persons…
DetailsFinancial Times comments on Treasury’s proposals on non-dom reform
The amount required to qualify for a UK investor visa has doubled since 2014 and there is fierce competition from other EU states. click here
DetailsHow the non-doms keep their cash safe Michael Savage and Francis Elliott | The Times Published at 12:01AM, July 10 2015 Wealthy non-doms will successfully move their money or relocate overseas to avoid paying hundreds of millions of pounds under new tax laws, according to a Treasury analysis. The figures indicate that non-doms will shift…
DetailsToday George Osborne unveiled his 7th and first solely Conservative Budget since 1997. It was widely anticipated before the speech that Mr Osborne would target tax avoidance and, as expected, the Budget contained details of a £5 billion crackdown on what Mr Osborne termed as tax imbalances, avoidance and aggressive tax planning. The Budget also included…
DetailsTax Planning Opportunities For Foreign Domiciliaries And Expats By Mark Davies Global Tax Weekly | 2nd July 2015 Introduction It is fair to say that the dust has settled on this year’s UK General Election. Although a surprise to many, the Conservative majority means that Labour’s planned sweeping reforms to the existing tax regime for…
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