Posted in Miscellaneous

Reforms to taxation of non-UK domiciled individuals

In a few words the legal novelties published on 5/12/2016:

  • Non-UK domiciled individuals won’t be able to withdraw UK residential property from inheritance tax by only holding it through an overseas company or other overseas vehicle;
  • Non-UK domiciled individuals with a domicile of origin outside the United Kingdom will be deemed to be domiciled in the United Kingdom for all tax purposes – income tax, capital gains tax and inheritance tax – after they have been UK resident for 15 of the last 20 tax years; and
  • Individuals born in UK with a UK domicile of origin will be unable to take advantage of a subsequently acquired foreign domicile at any time when they are UK resident.

Any chance this law could be struck down for discrimination?




Contract Manager with a remarkable lust for legal and business knowledge

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