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Planning for deemed domicile after 15 years

Emma-Jane Weider and Claire Weeks (Maurice Turnor Gardner) focus on those UK resident individuals who are non-UK domiciled but who will become ‘deemed domiciled’ for tax purposes from the start of the 2019/20.

As we approach the end of the calendar year, our thoughts turn to the end of the tax year and the planning that our clients need to undertake by 6 April 2019.

For the purposes of this article, the focus is on UK resident individuals who are non-UK domiciled as a matter of common law (‘res non-doms’ or RNDs), but who will become ‘deemed domiciled’ for UK income tax, capital gains tax (CGT) and inheritance tax (IHT) purposes from the start of the 2019/20 tax year as a result of having been UK tax resident for 15 out of the preceding 20 tax years.

To read the article in full, which first appeared in Tax Journal on 11 January 2019, please click on the link below.

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