Non Dom Articles continued
- Article Dates:
- 2007
- All Months
Displaying Matches 1 thru 10 of 10 Found.
The Treasury have published a consultation document following on from their residence and domicile announcements in the pre budget report. It doesn't contain draft legislation yet, but nonetheless it's still very useful as it gives more details on the nature of the changes they're proposing. Here's our quick guide to the consultation document...
As well as losing UK residence when you leave the UK you may look to lose your UK domicile status to avoid UK inheritance tax. Actually establishing a new domicile overseas can be difficult, however this article looks at one option to achieve this and includes extracts from the Revenue form showing how to complete it....
The new £30,000 remittance tax charge came as a shock in the 2007 PBR. This comprehensive report looks at the current status of the proposals and exactly what you can do to minimise your tax bill. It considers how the £30,000 tax charge operates, the potential planning areas and the strategies you could put in place to avoid it....
Many people who emigrate from the UK look to establish their non residence and domicile status after they've left. Unfortunately some will need to return for health of family reasons. This article looks at whether they can still claim non domicile status and if so how they would go about it....
The new £30,000 tax charge on non UK domiciliaries that want to use the remittance basis from April 2008 is a huge blow for many of the 'middle class' non doms. This article looks at one opportunity to put your affairs in order before the new rules come into place....
If you've got any form of 'offshore' status for UK tax purposes it makes it much easier for you to avoid UK tax. In this first article we look at how non UK domicile status can be used to reduce your UK tax liability (and not just the obvious case of applying the remittance basis)....
We've looked at when you can argue you've lost your UK domicile in previous articles, but this doesn't cover exactly how you would get the Revenue to agree to your non domicile status during your lifetime. The UK tax return is no help as this only applies if there is an impact on UK income tax or CGT (which won't apply for someone emigrating and looking to lose UK domicile). This article takes a quick look at how a non UK resident would go about establishing a non UK domicile status for inheritance tax purposes....
Most people know that non UK domiciliaries are entitled to the remittance basis of tax. However when you're looking at crystallising capital gains abroad it's not just a case of being taxed on the amount you remit. The rules are more complex than this, and this article runs through how you calculate CGT on remittances of proceeds from overseas gains....
Determining your domicile status is one thing - but will it be relevant? The Revenue won't usually consider your domicile status unless it's relevant to a UK tax liability, and when you're completing the domicile section of the new tax return it makes it clear that you need to establish that your domicile status is relevant. This article sets out exactly when domicile is relevant in simple terms and includes screen shots from the tax return to illustrate....
Regular readers will know of the importance of domicile in terms of tax planning and asset protection. This article looks at whether a case on determining domicile status that came before the Court of Appeal in 2006 has changed anything....
Displaying Matches 1 thru 10 of 10 Found