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MALCOLM GUNN FTII, TEP offers help for clients pleading, 'no tax please, we're not British!'
KEY POINTS
- Establish to what extent your clients are affected by the new regime
- Claiming the remittance basis may not be advantageous
- Will it be possible to keep remittances to the UK to under £2 000?
- Breaking out of the seven out of nine year pattern
- Most trusts will not need to be reconstructed
A wife once boasted to her husband 'My father always gives something expensive when he gives a present'. 'Yes' he replied 'I soon came to realise that after he gave you away'.
What the Chancellor served up last year for non-domiciliaries with the new remittance basis rules was no doubt intended to be very expensive for them as well but following the initial announcement a bizarre tale of hopes raised hopes dashed and hopes resurrected...
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