Non Dom Articles continued
- Article Dates:
- 2010
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Displaying Matches 1 thru 10 of 19 Found. NEXTLAST
HMRC will usually only enquire into your domicile status where it is directly relevant in terms of an immediate UK tax liability. One of the key occasions where domicile is an issue, particularly for non residents, is on a transfer to an offshore trust. In this article we look at the impact of the recent change in HMRC guidance in this area...
We're often asked about the UK tax implications of purchasing a UK property via an offshore company. It's well known that non doms have an advantage as this takes the value of the property out of the UK estate for UK inheritance tax purposes, however what are the other tax implications of using an offshore company for UK property?...
As we all know the maximum CGT rate has increased substantially for disposals after 22 June 2010. However, the recent Finance Bill has produced some useful clarifications on the transitional rules that will apply, in particular when disposals are treated as arising before or after 23 June 2010.In this article we look at how the new rules impact on non-residents and non-doms...
Given the relatively high rate of UK inheritance tax, many people look to lose their UK domicile status when they leave the UK. This has the advantage of ensuring that overseas assets are outside the scope of UK inheritance tax. In this article we look at one key aspect of losing a UK domicile that is becoming of more importance in 2010...
The increase in the rate of CGT will have some significant implications for non doms. In this article we look at some of the key implications of an increase in the rate of CGT to 28%....
Most site members are aware of the substantial changes to the tax treatment of non doms from April 2008. However, what's less well known is that there are some generous transitional rules that apply to foreign income and gains which arose before April 2008. In this article we look at some of the key transitional rules as they apply to individuals....
This article is the first in a series of articles produced by our Irish tax specialist, John Ward. He looks at how the non dom tax regime applies in Ireland, and how non doms can make full use of the remittance basis to avoid Irish tax on foreign income and capital gains...
One of the Conservative policies was to change the tax regime for non doms. This involved a £25K non dom tax charge for all non doms to benefit from the remittance basis. This short article provides an update on the likely position after the 22 June Emergency Budget...
The Conservative-Liberal Government have promised an emergency Budget within 50 days of coming to Government. This takes us to roughly the beginning of July. In this article we look at the previous Conservative comments and pledges to assess what could be included in the Emergency Budget as well as for tax year 2011/2012. This takes account of the Lib-Conservative coalition agreement issued on 12 May...
Identifying exactly when there is a benefit to a 'relevant person' can be crucial for non doms. The 2010 Budget made a change to the definition of a 'relevant person' and in this article we look at the nature and extent of the change...