"Should I stay or should I go now?" - The implications of Summer Budget 2015 for foreign domiciliaries
The run up to the 2015 general election involved a great deal of uncertainty in relation to the future taxation of non-UK domiciled individuals (often referred to as ‘non-doms’).
The availability of the remittance basis and beneficial inheritance tax rules has led to a degree of backlash among members of the public who view the regime as unfair. Whilst the success of the Conservative party was seen as a positive result for current and future ‘non-doms’, it is perhaps not all good news. George Osborne used the first all- Conservative Budget in almost 20 years (delivered on 8 July 2015) to announce significant reforms to the current tax regime, declaring that “British people should pay British taxes in Britain – and now they will”.
To read the article in full, please download the attachment.
Should I stay or should I go now - The implications of Summer Budget 2015 for foreign domiciliaries - 83.1 KB
Related in depth posts
The Court of Protection and the vaccine: to administer or not to administer - Nicola Boulter considers two recent Court of Protection decisions.
Two decisions under the Inheritance (Provision for Family and Dependants) Act (enabling a spouse/civil partner and others, to bring a claim if a Will fails to make reasonable financial provision for that person) have produced very different results.
March sees the launch of the Treasury Committee’s report ‘Tax after coronavirus’, Budget Day and a later release of tax related consultations and calls for evidence. Join our experts at 11am on 24 March to see how these developments may affect you.