Changes to the taxation of non domiciliaries from 6 April 2017
Taxation of non domiciliaries – important changes
At the Summer Budget on 8 July 2015 it was announced that, with effect from 6 April 2017, there will be two significant changes to the taxation of those not domiciled in the United Kingdom.
The first dealt with proposed changes to how certain non domiciled individuals are taxed. The second one seeks to charge IHT on UK residential property, irrespective of how it is held, and however long the structure has been in place.
Click here to read our Focus on sheet which gives further details of those proposals.
If you would like to discuss the changes or any actions that may be appropriate for you to consider please contact your usual MHA MacIntryre Hudson advisor or Matt Coward.