Association of International Life Offices - Offshore bonds offer non-dom tax solution

The 2008 Budget saw the introduction of new tax rules for investors who are resident, but not domiciled, in the UK. Perhaps the biggest impact has been on those investors who have been using the remittance basis of taxation for some time, because for those who have been UK resident for more than seven tax years out of the last nine immediately preceding the tax year in question, an annual £30,000 tax charge will be payable if they wish to continue to be taxed on this basis. So how can such investors reduce their tax liability in the UK? One solution could be to use offshore investment bon...