Following the uncertainty which prevailed about the changes to the taxation of non-UK domiciled individuals, we finally have further detail and clarity in the Finance (No.2) Act 2017 which was enacted on 16 November 2017. The measures take effect from 6 April 2017.
Other provisions are now included in the Finance (No.2) Bill published on 1 December 2017 and are expected to come into effect on 6 April 2018.
In this Briefing Note, entitled Issues for Offshore Trusts – Action Required Now!, we highlight some of the principal provisions affecting Offshore Trusts.
If you have any concerns or queries, please contact a member of the Rooks Rider Solicitors’ Wealth Planning Team.