Andrew Goldstone and Nicola Simmons (Mishcon de Reya) provide the monthly update on the taxation of private clients.
Non-dom and offshore trusts: the government publishes draft legislation for Finance Bill 2018
The Finance Bill 2017–19 was published on 8 September 2017. The Bill sweeps up all the policies originally announced to start from 6 April 2017 which the government confirmed will still take retrospective effect from that date including the changes to the taxation of non-domiciled persons and trusts and IHT.
In what must seem like a whirlwind of changes for non-domiciliaries the publication of that Bill was followed by publication of draft legislation to be included in the Finance Bill 2018. As expected it contains previously announced provisions omitted following the snap election earlier this year and provides additional clarity on the government’s position on the taxation of offshore trusts. The new rules will...
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Andrew Goldstone and Nicola Simmons (Mishcon de Reya) provide the monthly update on the taxation of private clients.
Non-dom and offshore trusts: the government publishes draft legislation for Finance Bill 2018
The Finance Bill 2017–19 was published on 8 September 2017. The Bill sweeps up all the policies originally announced to start from 6 April 2017 which the government confirmed will still take retrospective effect from that date including the changes to the taxation of non-domiciled persons and trusts and IHT.
In what must seem like a whirlwind of changes for non-domiciliaries the publication of that Bill was followed by publication of draft legislation to be included in the Finance Bill 2018. As expected it contains previously announced provisions omitted following the snap election earlier this year and provides additional clarity on the government’s position on the taxation of offshore trusts. The new rules will...
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:
