Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
26 August 2016
The Great British tax off: how to bake a non-dom solution from HMRC’s latest ingredients
We recently outlined the proposed changes to the non-UK domicile (non-dom) tax regime following the publication on 19 August 2016 of HMRC’s latest consultation document. The consultation makes it clear that there will be a window of opportunity for individuals who will become deemed domiciled in April 2017 to plan for these changes, albeit a short one. We have outlined our initial thoughts on what the planning opportunities may be.
23 August 2016
Latest non-dom consultation – better late than never!
The latest round of consultation on the changes to be made to the non-dom tax regime was released on Friday. The changes are to come in on 6 April 2017 and will mean that non-doms are deemed to be UK domiciled for all tax purposes after 15 years of UK residence. There will also be look through provisions for UK residential property held in offshore structures.
16 August 2016
Gold medals for taking tax advice?
…well, not exactly. But, if you can demonstrate that you have taken “reasonable care” in completing your tax return, you could obtain (arguably) the next best thing.
29 July 2016
How can divorce and separation affect your relationship with HMRC?
Tax is rarely at the forefront of people’s minds at the end of a relationship. However, the breakdown of a relationship offers some tax planning opportunities which can reduce the tax payable on transfers of assets made as part of a divorce settlement and can affect how the settlement is structured.
28 July 2016
Government publishes guidance on changes to tax relief for residential landlords
In Budget 2016 the Government announced that from April 2017 the tax relief that landlords of residential properties get for finance costs will be restricted to the basic rate of income tax. On 20 July 2016, the new guidance was published and is summarised here.
