28th March 2013 As confirmed in the 2013 Budget, a statutory residence test will be introduced with effect from 6 April 2013. Ordinary residence will also be abolished for most tax purposes from this date. How will the new residency rules affect our clients? Clients who are already resident in the UK are unlikely to…
DetailsA Tax Update from Mark Davies & Associates Ltd Budget 2013 20th March 2013 Limitation of deduction of debts for IHT A surprise announcement, on which no consultation has been carried out, are the new rules which will prevent certain debts from being an allowable deduction against IHT on a person’s estate. Debts targeted under…
DetailsJersey Disclosure Facility – JDF Related: States of Jersey Press Release 20th March 2013 Well that didn’t take long did it? First we had the Manx Disclosure Facility (MDF) then the Guernsey Disclosure Facility (GDF) and now we have the Jersey Disclosure Facility (JDF). Perhaps we should refer to them collectively as the Crown Dependencies Disclosure…
DetailsGuernsey Tax Highlights Why Guernsey? Aside from the tax advantages (more of which later), there are many reasons to move to Guernsey. Located just off the northern coast of France, the Island enjoys a beautiful climate with long summers and short winters; perfect for enjoying the many golden beaches. The Island is also well known…
DetailsOur Comment in the Financial Times on the falling number of non doms in the UK. The article was written in response to a FOI request we submitted to HMRC.
DetailsGuernsey Disclosure Facility – GDF Related: States Of Guernsey Press Release 15th March 2013 A few days ago we tweeted that any agreement between the UK and Guernsey would contain a disclosure facility similar to the Manx DF. Today we awoke to media reports that the UK and Guernsey are “poised to conclude a deal” containing… a disclosure facility! Of…
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