Andrew Goldstone and Natalie Quail (Mishcon de Reya) review the latest tax developments affecting private clients, including the three key consultations.
Taxation of non-domiciled individuals
On 19 August 2016 HM Treasury published a further consultation on reforms to the taxation of non-UK domiciled individuals. This latest condoc contains an update on the proposals that were published in the original consultation on deemed domicile reform in 2015.
Despite hopes by some that Brexit might lead to a deferral or shelving of the proposals the main changes are going ahead as set out in the original consultation. However there are some welcome concessions including the following.
Cleaning up mixed fund accounts: all non-doms (not just those becoming deemed domiciled from April 2017) will have a chance to clean up their...
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Andrew Goldstone and Natalie Quail (Mishcon de Reya) review the latest tax developments affecting private clients, including the three key consultations.
Taxation of non-domiciled individuals
On 19 August 2016 HM Treasury published a further consultation on reforms to the taxation of non-UK domiciled individuals. This latest condoc contains an update on the proposals that were published in the original consultation on deemed domicile reform in 2015.
Despite hopes by some that Brexit might lead to a deferral or shelving of the proposals the main changes are going ahead as set out in the original consultation. However there are some welcome concessions including the following.
Cleaning up mixed fund accounts: all non-doms (not just those becoming deemed domiciled from April 2017) will have a chance to clean up their...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
