Meeting points

STEP Tax Conference 2016

Date: 30 September 2016

Location: Manchester

Reported by: Mark McLaughlin

Speakers

Emma Chamberlain: barrister Pump Court Tax Chambers

Paula Tallon: managing partner Gabelle LLP

Michael Sherry: barrister Temple Tax Chambers

Julie Butler: Butler & Co

Edward Stone: partner Irwin Mitchell Private Wealth

Julia Rosenbloom: Smith & Williamson

The ‘formerly domiciled resident’

The government has been consulting on reforms to the taxation of non-domiciles including new rules on ‘deemed’ UK domiciliaries to be introduced from 6 April 2017. Emma Chamberlainnoted the proposed changes to the deemed domicile rules for inheritance tax purposes (in IHTA 1984 s 267) and in particular the concept of a ‘formerly domiciled resident’. This broadly means a person (say Mr X) who was: born in the UK; whose domicile of origin was in the UK (but who had acquired and retained a foreign domicile of choice); was UK resident for...