In a case which has left some tax experts scratching their heads, the England & Wales Court of Appeal has ruled that the UK assets of a Jersey-domiciled woman are liable to UK inheritance tax, in spite of their having been left to a charitable trust in Jersey. The case has received little attention outside…
DetailsWatch Mark Davies talk on Common Reporting Standards (CRS) with LexisNexis.
DetailsMark Davies article ‘Consultation on non-dom and IHT reforms’ has been published in the latest issue of Taxation Magazine. Click here to see the article on their website, or continue reading below. The government is pressing ahead unwaveringly with its latest set of proposals to reform the UK tax regime for non-doms. George Osborne, the former Chancellor,…
DetailsJon Elphick, Tax Director for Mark Davies & Associates writes ‘How athletes will be affected by the UK’s changes to “non-dom” tax rules’ for Law in Sport. Read the full article below or click here to go to Law in Sport’s website. On 8 July 2015, the UK government announced its intention to reform…
DetailsMark Davies comment’s have been published in the Financial Times online. Click here to read the article on the Financial Times website or continue reading below. Lawyers prepare for deluge of UK non-dom tax work Advisers told to limit holidays before rule changes next year Scores of lawyers and trust experts have been told to limit…
DetailsThe UK Government is expected to pull back significantly from proposed changes to the way the offshore trusts of “non-dom” UK residents are taxed, in response to warnings that they could send wealthy foreigners fleeing. For the moment, the Treasury hasn’t issued a statement on the matter. However, industry sources have reported that a re-think…
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