March 2013 Edition

Non UK domicile ("non dom") status is extremely attractive to anyone interested in reducing their UK tax liability. This book looks in detail at how you can advantage of non dom status to reduce income tax, capital gains tax and inheritance tax.

In many cases, non doms can take advantage of the numerous reliefs and exemptions available to them to hold wealth overseas tax free and make tax free remittances.

PUBLICATION DATE: MARCH 2013
PAGES: 161
ISBN: 9781907302657
STATUS: IN STOCK

What Information is Contained in the Guide?

Tax Saving Tactics for Non-Doms is absolutely essential reading for all non-domiciled people living in the UK. Subjects covered include:

All relevant tax changes from the March 2013 Budget.

How to structure a 100% tax-free overseas investment portfolio.

Everything you need to know about the new Business Investment Relief

How to avoid the £30,000 and new £50,000 remittance basis charges.

How to save tax by gifting overseas assets to your children.

How every non-dom couple can save an extra £1,599 tax every year.

How a couple with £80,000 in overseas bank accounts can completely avoid UK tax.

How a non-domiciled individual with £200,000 invested in bank accounts, shares and property can also escape UK tax altogether.

How to enjoy a tax-free holiday home in the sun. … including one couple with a £150,000 profit who will pay no capital gains tax.

How offshore bonds can help you avoid UK tax. … plus traps to watch out for.

How married non-doms should split their assets to save more tax.

When you should and should not claim the remittance basis.

Why recent tax changes may make claiming the remittance basis more attractive.

When you can use overseas debit and credit cards to avoid the remittance rules.

New loopholes that allow you to save thousands in tax, including: the exemption for clothing, jewellery and expensive watches.

the exemption that lets you save £400 tax when you spend £1,000 abroad.

What you do and do not have to disclose to the taxman.

How to enjoy a tax-free overseas pension when you retire.

The tax treatment of non-dom employees living in the UK.

How non-doms can use offshore trusts to save tax.

The tax saving benefits of offshore companies.

How to convince the taxman that you and your children are non-domiciled.

Tax planning in reverse: When it pays to become UK domiciled.

How the £55,000 inheritance tax exemption for non-doms works and how this has been changed significantly from 2013.

When and how to elect to be UK domiciled for Inheritance Tax purposes

Answers to common tax questions from non-doms living in the UK.

About the Author

The Author of Tax Saving Tactics for Non Doms is our site Editor, Lee Hadnum. Lee is a rarity among tax advisers having both legal and chartered accountant qualifications. After qualifying a prize winner in the Institute of Chartered Accountants exams, he also went on to become a chartered tax adviser (CTA). You can ask Lee online tax questions via our Fast Tax Advice service

What does the book cost?

This book is free to all WPR members and can be downloaded at:

Tax Saving Tactics For Non Doms - FREE Download