Planning for the end of the non UK domicile rules
Most of you will know the benefits of havingnon UK domicile status. Mainly it comprises the remittance basis of tax for overseas income and gains and an inheritance tax exemption for overseas assets.
However, I've come across a few people who are worried as to what would happen in the Government did implemenent significant changes to these rules. In particular is there anything that could be done now to preserve the benefits? We take a look at this in this article on Planning for the end of the non UK domicile rules which covers some of the options available. Note though there's nothing to say that there will be any changes in the foreseeable future (aside from regular calls for changes from the press!).