In the July 2015 Budget, the Government announced various changes to the taxation of UK resident individuals who were not domiciled in the UK (Non-UK Domiciliaries). The changes are now expected to be legislated for in the Finance Bill 2017, and will apply from 6 April 2017. In addition to the concept of a new deemed domicile for individuals who have been UK resident for 15 years, certain individuals with a UK domicile of origin will be deemed UK domiciled for all UK tax purposes if they return to the UK to live, even if their UK domicile does not revive for general purposes.
Read a copy of our Briefing Note entitled Non-UK Domiciliaries – Returning Ex Pats “A new Deemed Domicile for Formerly Domiciled UK Residents” to find out more. Alternatively, please contact Robert Drysdale or a member of our Wealth Planning Team.
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