It has been announced that the government has dropped the rules in relation to the reform of the taxation of non-UK domiciled individuals (non doms) amongst other provisions from the final cut of the 2017 Finance Bill. This is to fast-track the bill through Parliament, borne out by the government’s...
The arrival of 6 April 2017 saw the dawning of a new era of taxation of UK residential property. From this date onwards all UK residential property owned, either directly or indirectly via offshore companies, is now subject to inheritance tax (IHT).
In this blog we bring you the concluding part of my recent interview with Lexis Nexis in relation to the UK considerations relevant to ‘de-enveloping’.
In the blog we present the first part of Matt Braithwaite’s recent interview with Lexis Nexis in which he explains the latest trend in de-enveloping UK residential property, and also bring to your attention our new dedicated de-enveloping section on our website.
On 5 December 2016 the government published responses to its August consultation document and further draft legislation in relation to the non dom reforms.
As part of the publication of responses to the August consultation the government has taken the opportunity to make some further changes to the proposed deemed domicile rules for long term UK resident individuals.
As anticipated, the government has today published its responses to its August consultation in relation to the non dom reforms together with further draft legislation in relation to a number of aspects of its proposals.