non-dom

Professional advisers must be more aligned

Advising non-doms after the Summer Budget clampdown

Non-domiciled residents' contributions to the UK Exchequer have been defended after Labour leader Ed Miliband confirmed his party would abolish the 'non-dom' tax status if it came to power following next month's general election.

Non-domiciled holders of whole-of life policies may no longer qualify for an exemption of inheritance tax under new HMRC rules, sparking the need for revised estate planning to avoid unexpected tax bills, Skandia has warned.

Her Majesty's Revenue & Customs (HMRC) has cancelled a campaign designed to educate non-UK domiciled (non-dom) individuals about making remittances following concerns from an accountancy body.

Chancellor George Osborne "buried" plans in last week's budget to offer a tax break to non-doms, according to an analysis of the budget small print by a Labour peer.

RBC Wealth Management is boosting specialist business services with the appointment of Michelle Wright, who will take on responsibility for US clients requiring wealth management in London.

The Treasury is expected to close a loophole that allows wealthy individuals to avoid paying stamp duty on expensive property transactions in draft legislation for the Finance Bill today.

The Gaines-Cooper case has been a catalyst for a much needed statutory residence test to bring clarity and certainty to an area governed largely by case law and HMRC guidance, says Stuart Long, head of tax at law firm Howard Kennedy.

As Robert Gaines-Cooper finally loses his appeal in his long running battle with the Revenue to establish that he ceased to be UK resident almost 20 years ago, attention is now turning to the proposed new statutory residency test due to come into effect...