A BOUTIQUE PRIVATE WEALTH LAW FIRM
Spears blog
The enormous uncertainty around a new regime that may incur severe penalties to HNWs is baffling advisers and clients alike.
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It might also be necessary for the parents to get their own affairs in order and ensure that their child’s presence in the UK does not make them inadvertently UK resident.
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The Requirement to Correct (RTC) provisions require taxpayers with outstanding UK tax liabilities existing at 5 April 2017 relating to offshore interests, to come forward to correct their filing and tax position before 30 September 2018.
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