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
9:30am - 5:15pm
Please let us know if you wish to be notified when new dates are added for this programme