New residence-based relief for non-doms

New residence-based relief for non-doms

by | Oct 9, 2024 | Overseas personal tax issues

A reminder that the government has stated that it will remove preferential tax treatment based on domicile status for all new foreign income and gains (FIG) that arise from 6 April 2025. To replace the present remittance basis of tax, the government will introduce an...
CGT – share exchange

CGT – share exchange

by | Nov 24, 2022 | Overseas personal tax issues

One of the more ‘niche’ measures introduced as part of the Autumn Statement measures related to Capital Gains Tax: Share for Share Exchange.  This is intended to stop UK tax being avoided by non-UK domiciled individuals on chargeable gains made on the...
UK residence and tax

UK residence and tax

by | Sep 8, 2022 | Overseas personal tax issues

UK Income Tax is generally payable on taxable income received by individuals including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust income. The tax rules for foreign income...