Fallout from proposed Non-Dom rule changes - Inheritance Tax
In their attempt to simplify and reduce the tax breaks currently available to non-UK domiciled individuals (Non-Doms), the...
All of our blog posts are shown below with the most recent shown first.
Post Pandemic Residency Review
It is being widely reported in the press that HMRC are targeting individuals that have claimed non-resident status for UK tax...
Non-Domiciled - What is a Non-Dom and what is the Remittance Basis?
There has been a huge amount of press around the fact that Rishi Sunak’s wife, Akshata Murthy, is a “non-dom” and able to access...
Overseas Workdays – What a Relief!
One of the most valuable tax reliefs available to expats working in the UK is Overseas Workdays Relief (“OWR”).Foreign national...
Non-Dom’s Targeted by HMRC Policy Paper
While the 2019 Spring Budget was a fairly benign event for private clients, HMRC published a policy paper which is worthy of...
HMRC's "Offshore Income or Gains” Letters
HMRC are currently sending out letters to taxpayers requesting more information on overseas income and gains, which may not have...
Update on Tier 1 (Investor) visa program
On Friday 7 December 2018 the UK Government suspended the UK Tier 1 (investor) Visa regime at very short notice. These visas...
UK Investor visa regime suddenly suspended
This article has been superseded by a government U-turn, follow this link for further information.
Budget 2018 – summary of key tax announcements
The Chancellor of the Exchequer today announced his final post-Brexit budget. From a personal tax perspective, the Budget...
Who has a requirement to correct?
It has been well publicised by ourselves, the press and HMRC that the ‘requirement to correct tax due on offshore assets’...
Visa Go Go!
It has been reported in the papers that there has been a sharp rise in applications for the UK’s £2M Tier 1 (Investor) Visa.
Overseas workdays relief – Expat Tax Back
Overseas Workdays Relief (OWDR) is a valuable tax relief available to non-UK domiciled taxpayers, which exempts employment...
Tax Dual Resident : being tax resident in two places at the same time
It is becoming more and more common for expat workers to commute from their home country to another country where they spend...
Non-Dom Tax Planning Update
If you are a non-dom living in the UK, certain tax residency milestones can impact your tax status.
Requirement to Correct : Cleaning up any offshore tax issues
Finance (No. 2) Act 2017 introduced new Requirement to Correct (RTC) legislation which is targeted at non-complicance in respect...
Mixed Fund Cleansing
We have assisted several clients with mixed fund cleansing already and now outline here how we have helped one particular client.
Non-Dom Changes and Opportunities
This year’s General Election resulted in a period of uncertainty for non-UK domiciled ("non-dom") taxpayers as anticipated tax...
Mixed Fund Cleansing and Rebasing for Non-Doms - Effective from 6 April 2017
A written statement from the treasury has today confirmed that new tax laws withdrawn from Finance Bill 2017 will be legislated...
Non-dom paralysis
Uncertainty continues to abound regarding the status of the changes to the taxation of non-domiciled taxpayers, originally...
Non-Resident Capital Gains Tax Penalties
Since April 2015, non-UK residents selling a UK residential property have been required to report the disposal to HMRC within 30...
UK - UAE Double Tax Treaty
We have many clients who have moved to the UAE and specifically Dubai in recent years, many of whom are pleased to know that the...
White House Reveals Tax Plans
Yesterday President Trump revealed plans to significantly cut the tax rates for both individuals and businesses. There are few...
UK Property and Non-Resident Capital Gain Tax
We advise non-resident clients on how to manage their UK capital gains tax (CGT) position. Individuals who are not resident in...
D Day is here for non-domiciled taxpayers..
The 2016/17 tax year has ended and the key elements of HMRC's Non-Dom reform are now in force.
Non-Dom Reforms
Many changes to the taxation of Non-Domiciled ("Non-Doms") taxpayers will take effect from 6 April 2017.
ATED - File from 1 April to avoid penalty charges and claim relief...
The annual tax on enveloped dwellings (ATED) has been in place since 2013.
Rebasing and Cleansing Mixed Funds
From 6 April 2017, a non-domiciled individual who has been UK tax resident in at least 15 of the previous 20 UK tax years will...
President Donald J. Trump - What tax changes can we expect?
This morning, Donald J. Trump won the US Presidential Election.
US Election Results : Are you now considering expatriation?
Prior to the US Presidential election we heard comments first hand and in the press from US citizens and green card holders that...
Non-Dom Reform : Cleansing Offshore Mixed Funds
From 6 April 2017 any individual who has been resident in the UK for at least 15 of the past 20 tax years will be deemed UK...
Non-Dom Reform : Rebasing of Assets
From 6 April 2017 any individual who has been resident in the UK for at least 15 of the past 20 tax years will be deemed UK...
Keep FIC in the Family
If you have fully utilised your pension saving allowances, exhausted your trust planning opportunities but still want to be able...
Expat Tax Break : Overseas Workdays Relief
If you are an expat coming to the UK to work there is one UK tax break which should not be ignored...
HMRC's Worldwide Disclosure Facility (WDF)
(Updated 18th June 2019) HMRC are busy collecting data from over 100 countries and their financial institutions on UK resident...
Non-dom story goes on...
As expected, the has Treasury released its consultation document on the forthcoming changes to the taxation of non-domiciled...
Capital Gains Tax for Non-Resident Owners of UK Residential Property
It is widely known that from 6 April 2015 a new capital gains tax (“CGT”) regime will apply to non-resident owners of UK...
Deoffshorisation
Changes in Russian Tax Law to Force Migration to UK The Russian government has passed new tax legislation that will force...
Nowhere to Hide
UK and 51 jurisdictions to share financial account details of resident taxpayers The UK has signed up to a new automatic...
Non-Dom Campaign Reaps Rewards for HMRC
A report in this weekend’s Financial Times highlighted that HMRC have collected £154M following investigations into ‘high-income...
I didn’t EXPAT that...
If you are a British Expat or a non-resident UK tax payer you will have no doubt seen the news headlines in recent months:
On Borrowed Time
HMRC have withdrawn an important concession regarding the use of loans in the UK which are backed by non-UK assets.
Off-target
HMRC’s Let property campaign, overseas bank accounts and low effective tax rates HMRC are stepping up their campaign trail to...
Know your options
HMRC are set to make a small but important change to the taxation of share options awarded to internationally mobile employees...
Unstable home? CGT for non-residents update...
It has been interesting to keep abreast of various responses to the proposed capital gains tax charge on non-UK residents over...
Exercising options: Expats beware!
HMRC are set to make a small but important change to the taxation of share options awarded to internationally mobile employees...
Non-doms not deterred
As recently reported in the FT, the levy on non-domiciled individuals raised £178m for the UK exchequer for the 2011-12 tax...
Cayman Get It: HMRC target taxpayers with financial assets on the Island
Following the automatic tax information exchange agreement between the UK and the Cayman Islands, signed on 5 November 2013,...
What a Relief – Tax Mitigation for Expats
UK tax rules applying to UK non-dom’s and expatriates have been subject to significant change since 6 April 2008. These changes...
ATTENTION / ACHTUNG / ATENCIÓN / UPPMÄRKSAMHET / Помните / ATTENZIONE / ATENÇÃO !!!!
2012/13 UK TAX RETURNS & LATE FILING PENALTIES This article centres around 2 key questions:
Tax Implications on Redundancy/Termination Pay: foreign service relief
It is always disappointing to hear news of redundancies, but sadly the likes of Reuters and Barclays have announced some fairly...
Breaking news: Capital Gains Tax Charges for Non-Resident Owners of UK Real Estate
Following the introduction of new laws in Finance Act 2013 regarding the ownership of UK real estate in a corporate vehicle, it...
A BIR’d in the Hand
Or how to remit and make free investments The difference in the way the UK taxes its own citizens and non-UK domiciles...
UK Income Tax Reliefs ‘For the Class of 2013’
If you have recently started a new role with a UK employer following completion of your under graduate, and/or post graduate...
Home is Where the Charge is
The Annual Tax on Enveloped Dwellings or “ATED” regime is now upon us, and could end up being a first step towards a so-called...
Non-doms in the spotlight
As recently reported in the FT*, those claiming non-domicile status in the UK may well receive a letter from HMRC gently...
Overseas Workdays Relief – HMRC updated guidance
HMRC have issued revised guidance on the Statutory Residence Test and the operation of Overseas Workdays Relief (OWR) in this...
Is there Devil in the Detail?
Further to our previous article we now have the full draft legislation which will apply the new Annual Residential Property Tax...
HMRC turn up the heat
HMRC are busy reminding taxpayers with Swiss accounts that they only have until 1 January to make a full disclosure of their...
Whistleblower reveals offshore HSBC accounts
According to a report in the Daily Telegraph, HM Revenue and Customs (HMRC), the UK tax authorities, have obtained details of...
U-Turn on French Wealth Tax
As was widely expected, the change in government in France has led to various changes to the French tax system, not least to the...
UK Tax Residence, any clearer?
At present, an individual’s UK tax residence position is based on some limited statutory rules and a wealth of case law,...
