Every Cloud has a Silver Lining – TRF – The Temporary Repatriation Facility  

Although the non-dom regime has now been abolished, income and gains sheltered from UK tax under the remittance basis of taxation (“RB”) remain taxable if remitted to the UK. However, between 6 April 2025 until 5 April 2028 there is an amnesty where these funds may be remitted to the UK at a reduced rate…

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Akshata Murty demonstrates that Domicile is a matter of choice

Over the past week I have been asked by many journalists to comment on the  tax affairs of Akshata Murty, the wife of Rishi Sunak. In this article I clarify the UK tax rules which underpin  the controversy over her non-dom status. Domicile is matter of choice.  There is an expression, “home is where your…

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