Advising non-doms after the Summer Budget clampdown

The Budget on 8 July announced a raft of provisions designed to increase the tax paid to the Exchequer by non-domiciled individuals (non-doms) and their families. Significant changes will be made to the treatment of UK resident non-doms, who after 6 April 2017 will lose the "remittance basis" of taxation in relation to foreign income and gains and become liable to inheritance tax (IHT) on a worldwide basis once they have been UK tax-resident for 15 out of 20 years. There will be even more draconian rules after that date for individuals with a UK "domicile of origin" who become tax-res...