Recent figures obtained via a Freedom of Information Act request show that take up of Business Investment Relief rose dramatically in the year 2013-2014. Figures obtained by Mark Davies & Associates show that funds invested in the UK under BIR rose by 65% to £545m (rounded to nearest million), meaning that BIR claimants invested an…
DetailsSummary 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…
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