Operational mechanics for new non-dom laws
In August 2016, the UK government issued further consultation on the rules affecting the taxation of non-UK domiciled individuals and inheritance tax on UK residential property. In the lead up to the final legislation which will follow the consultation, a tax expert delves into the impact on Global Indians. Draft legislation includes details of wide-ranging changes to the tax landscape for so-called “non-doms” and UK residential property, due to take effect from 6 April 2017. Domicile Deemed domicile In any [...]