A Practical Guide to the New Non-Dom Rules
There has been a sea-change in the area of non-domicilaries and more changes are coming.
Find out how to apply the new rules to practical situations and prepare your clients for becoming deemed domiciled in a tax efficient way.
If you are a tax lawyer, tax accountant, TEPs, CTAs practising in the area of private client tax and who otherwise advise wealthy non-UK domiciled individuals then this course is for you.
What You Will Learn
This course will cover the following:
- The concept of domicile
- An introduction to deeming provisions
- Common law domicile
- What can you do to help your clients who have or are soon to become deemed domiciled in the UK?
- What is the current position in relation to UK situate residential property held in trust for inheritance tax purposes?
- How are the changes proposed in FB 2018 going to affect my UK resident but non-UK domiciled clients and their property?
- Tax provisions relying on an individual’s domicile
- An introduction to UK provisions relying on domicile
- Inheritance tax: excluded property
- Inheritance tax: excluded property trusts
- Income tax and capital gains tax: the remittance basis
- Inheritance tax deemed domicile
- The old rules
- The new rules: 15/20
- The new rules: formerly domiciled
- Deemed domicile and the spouse election
- Deemed domicile and certain double tax treaties
- Collateral rule change: excluded property settlements
- Income tax and CGT deemed domicile
- 15/20 rule
- Formerly domiciled rule
- CGT: collateral rule changes
- Trusts generally
- TCGA, section 86
- TCGA, section 87
- Location of assets
- Schedule 5A
- Deemed domicile and temporary non-residence
- Rebasing for certain deemed domicilaries
- Income tax: collateral rule changes
- Employment income
- Exception for foreign-sourced income
- Settlements and settlors
- Transfer of assets abroad provisions
Please let us know if you wish to be notified.
Please let us know if you wish to be notified when new dates are added for this programme