UK Summer Budget 2015 – Offshore aspects for foreign domiciliaries and their Trustees

The most significant changes are set out in this Briefing Note including changes affecting individuals who are resident, but not domiciled in the UK.

- New “deemed domicile” rule after 15 years
- Returning UK domiciliaries – new rules from April 2017
- IHT on enveloped residential property
- Reduced tax relief for investors in residential property
- Dividends
- Tax avoidance and General Anti-Abuse Rule (“GAAR”)

Click here to read more: “UK Summer Budget 2015 – Offshore aspects for foreign domiciliaries and their Trustees”

Further Briefings will follow in due course as more clarity emerges on these issues.

Onshore aspects of the UK Summer Budget 2015 are set out in a separate Briefing Note entitled: “UK Summer Budget 2015 – Key Changes Onshore”

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