non-dom

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...

The United States Internal Revenue Service (IRS) has released, in the form of Revenue Ruling 2011-19, the long awaited confirmation that the £30,000 remittance basis charge will be allowable as a credit for US income tax purposes, says Baker Tilly.

The Society of Trust and Estate Practitioners (STEP) believes the non-domiciled reforms announced by the Government will benefit the UK economy.

The Treasury's proposed statutory residency test is a welcome improvement to the current "chaos" but it may still provide room for fraud, accountants Baker Tilly has said.

The Treasury has proposed a new system of testing statutory residency in a bid to tighten tax rules on those who work or live abroad.