Non-dom tax series (Part 2)

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The most significant changes to the taxation of UK resident non-UK domiciled individuals (‘non-doms’) for a nearly decade came into force on 6 April 2017. If you are a non-dom but have been in the UK for 15 years or more you will now be UK deemed domiciled for all tax purposes and will no longer be able to claim the remittance basis.

Significant beneficial tax treatment will remain for foreign income and gains arising in offshore trusts you set up before you became deemed domiciled, but you will potentially be subject to tax on any benefits you receive from an offshore trust (even if it is received and kept outside the UK), and on benefits received by members of your close family from offshore trusts set up by you.

In part 2 of this series we have prepared a guide to the tax position of non-doms who have become deemed domiciled under the 15 out of 20 tax year rules, and offshore trusts set up by them before they became deemed domiciled.

View our summary guide on taxation of non-dom's who have become UK deemed domiciled.

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