In this month’s review, Edward Reed and Klara Kronbergs (Macfarlanes) consider some of the more nuanced aspects of the non-dom reforms, as well as some key tribunal decisions affecting private clients.
The Autumn Budget
Readers will already have pored over countless reports (including in this publication) of Rachel Reeves’ (much anticipated) first Budget and will therefore be familiar with the key announcements of relevance to private clients. Many will have noted the upside for those wanting a short regime to shelter (for example) a foreign tax charge or the possible upside for returning UK domiciliaries.
There will be a number of points of detail to be considered in due course in respect of the proposed changes to APR and BPR; however so far only a policy paper is available and the detail of the reforms will be subject to consultation (expected in early 2025).
Meanwhile private client...
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In this month’s review, Edward Reed and Klara Kronbergs (Macfarlanes) consider some of the more nuanced aspects of the non-dom reforms, as well as some key tribunal decisions affecting private clients.
The Autumn Budget
Readers will already have pored over countless reports (including in this publication) of Rachel Reeves’ (much anticipated) first Budget and will therefore be familiar with the key announcements of relevance to private clients. Many will have noted the upside for those wanting a short regime to shelter (for example) a foreign tax charge or the possible upside for returning UK domiciliaries.
There will be a number of points of detail to be considered in due course in respect of the proposed changes to APR and BPR; however so far only a policy paper is available and the detail of the reforms will be subject to consultation (expected in early 2025).
Meanwhile private client...
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:
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