KEY POINTS
- The new non-dom regime was not all bad news.
- Deciding whether or not to pay the £30 000 levy.
- Greater use could be made of offshore trusts.
- The £30 000 levy should not be remitted to the UK.
- Confusion caused by mixed funds.
Practitioners dealing with the complex tax changes to the non-domiciliary regime introduced by the 2008 Finance Bill will have found the period from the initial announcement in October 2007 through to the passing of the bill in July 2008 extremely testing.
As the proposals went through Parliament there were some fairly dramatic changes of direction. Some advisers may have informed clients as each amendment was announced but then been...
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