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Budget/FB: Residence and Domicile

In the first of two articles, Lynnette Bober, National Tax Consultant at Smith & Williamson, provides a post-FB update on residence and domicile issues, this week covering the remittance basis provisions

 
In the first of two articles Lynnette Bober National Tax Consultant at Smith & Williamson provides a post-FB update on residence and domicile issues this week covering the remittance basis provisions
 
This article discusses the Finance Bill 2009 changes with respect to the new remittance basis regime. An understanding of the main Finance Act 2008 changes is assumed. A second article will look at some wider residence and domicile issues.
 
Individuals who are UK-resident and domiciled but not ordinarily resident in the UK are entitled to the remittance basis with respect to foreign income (not foreign...

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