New tax planning book for Non Doms
For anyone that's interested we have a brand new tax planning book especially for non UK domiciliaries, written by our site editor. Tax Saving Tactics for Non Doms looks in detail at how non doms can use the new rules to still reduce their UK taxes.
Tax Saving Tactics for Non-Doms is absolutely essential reading for all non-domiciled people living in the UK. Subjects covered include:
- How to structure a 100% tax-free overseas investment portfolio.
- How to escape the £30,000 charge by gifting assets to your children.
- How every non-dom couple can save an extra £1,599.20 tax every year.
- How a couple with £80,000 in overseas bank accounts can completely avoid UK tax.
- How a non-dom 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.
- Why 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.
- Detailed analysis of when you should and shouldn't claim the remittance basis.
- A list of remittance loopholes that have now been closed.
- … plus 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.
- Everything you need to know about the new £30,000 tax charge.
- How to enjoy a tax-free overseas pension when you retire.
- How non-dom employees are treated under the new rules.
- 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.
- When it pays to become UK domiciled.
- List of non-dom FAQs and answers