Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Two years on

01 June 2010 / Richard Holme , Paula Basleigh
Issue: 4257 / Categories: Comment & Analysis , Residence & domicile
How has the revamped regime for non-domiciliaries settled in? RICHARD HOLME and PAULA BASLEIGH find out

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. Birthday cake for a second birthday

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 disappointed when...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon