Carolyn Steppler reviews the proposed changes to the remittance rules
The consultation on changes to the remittance rules for non-UK domiciled individuals was announced on 17 June 2011.
It is intended to allow non-UK domiciled individuals to invest into the UK without triggering a taxable remittance but does it do what it says on the tin?
In this article we look at the small print of the new rules – which investments are likely to be permitted and possible pitfalls with the new relief.
The consultation also promised a simplification of the rules relating to the remittance basis – something which many practitioners would consider long overdue.
Although the changes proposed are welcome this area of the consultation...
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:
Carolyn Steppler reviews the proposed changes to the remittance rules
The consultation on changes to the remittance rules for non-UK domiciled individuals was announced on 17 June 2011.
It is intended to allow non-UK domiciled individuals to invest into the UK without triggering a taxable remittance but does it do what it says on the tin?
In this article we look at the small print of the new rules – which investments are likely to be permitted and possible pitfalls with the new relief.
The consultation also promised a simplification of the rules relating to the remittance basis – something which many practitioners would consider long overdue.
Although the changes proposed are welcome this area of the consultation...
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:
