Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
29 January 2016
International investors - five tax tales for 2016
One of the themes of recent Governments has been a tightening of the rules for the taxation of individuals with international interests. We are likely to see this theme continue in 2016. In this blog, we set out five of the key developments on this topic.
7 January 2016
£1m Nil Rate Band – fact or fiction?
In 2007, the Conservative Party made much of a party pledge in its manifesto to increase the Nil Rate Band for inheritance tax to £1m. In July 2015, having been elected to form a majority government they announced the introduction of a Residence Nil Rate Band (RNRB). Now that more of the detail has emerged in relation to this policy announcement, the reality does not match the expectations of many and some of the details are still unclear.
30 October 2015
HMRC offers loan collateral amnesty for non-doms
In our blog Neither a borrower (with foreign income or gains used as collateral) nor a lender be… published on 3 September 2014, we reported on HMRC’s withdrawal of its concession with respect to foreign income and gains used as security for loans used in the UK by UK resident non-UK domiciled individuals (‘non-doms’) claiming the remittance basis. Consequently, using foreign income or gains as security for a loan used in the UK is treated as a taxable remittance. Following discussions with representative bodies, HMRC has announced that it will not apply this change to arrangements where the loan was brought into or used in the UK before 4 August 2014.
28 September 2015
Everything you need to know about recent changes to the UK residential property tax regime
Over the past few years there have been significant changes to the taxation of UK residential property. To those not significantly in the know, navigating through the changes can be complex and difficult so we have provided an outline of the changes and the rules as at September 2015. In particular, we explain those changes that affect the non-UK domiciled purchaser of UK residential property.
9 July 2015
Budget 2015 at a glance – key changes for non-UK domiciled and private individuals
Chancellor George Osborne delivered his post-election Budget statement to Parliament on 8 July 2015. Some of the main changes for individuals are outlined below. Clients who may be affected by any of these changes should take tax advice as soon as possible.