Sunday 10th November 2024
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Comsure operates in:the UK, Jersey, Guernsey

Fantastic feedback from Friday 16th September workshop on TAX RISK – NEW UK ‘NON-DOM PROPOSALS

The Fantastic feedback included:-

  • excellent well worth attending
  • It was a very worthwhile presentation, very topical & of interest with 2 hours flying past on what is a dry subject renders a big tick for the presenter.
  • It was excellent; he said a ‘cut above the rest’ regarding the others he has attended.

Background –

TAX RISK – NEW UK ‘NON-DOM PROPOSALS.’ THE IMPLICATIONS AND OPPORTUNITIES

– Following UK Government consultation ‘Reforms to the taxation of non-domiciles’ (issued on 30 September 2015) the government published a further consultation paper on 18 August 2016 in which it has outlined revised changes that include:-

  1. The tax treatment of long-term residents in the UK who are foreign domiciled and
  2. More draconian rules for persons who were born in the UK but who acquired a foreign domicile of choice while living overseas.
  3. These changes will also affect offshore trusts settled while an individual was non-UK tax resident and are likely to be introduced from 6 April 2017 and they will present challenges and opportunities for such individuals as well as their advisers.

The presentation looked at

  1. A thorough background of the new proposals (which are significantly different [modified] from those published in the UK Government Technical Briefings of 8 July 2015); and
  2. Planning opportunities which may present themselves and
  3. Associated compliance matters

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