HM Treasury has confirmed the reforms to the taxation of non-domiciled individuals and residential properties in Offshore Structures will proceed with effect from 6 April 2017.
Responses to the Consultation on these measures and draft legislation are expected on 5 December 2016.
Further reading:
Changes to the Taxation of Non-UK Trusts
Non-UK Domiciliaries – Returning Ex Pats: “A new Deemed Domicile for Formerly Domiciled UK Residents”
Reform of the Taxation of Non-UK Domiciliaries
If you have any concerns or queries, please contact Robert Drysdale or a member of the Rooks Rider Solicitors’ Wealth Planning team.
