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Update on the proposals to reform the taxation of non UK domiciliaries

The 2015 “Summer Budget” (8 July 2015) heralded the announcement of fundamental changes to the taxation of non-UK domiciliaries.

With effect from 6 April 2017:
(i) two categories of UK resident but non-UK domiciliaries will be deemed to be UK domiciled for all UK tax purposes; and
(ii) trusts or individuals owning UK residential property through an offshore company, partnership or other opaque vehicle, will be subject to UK inheritance tax (IHT) on the value of such UK property.

Please click on the link below to read our briefing in full.

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