Now that the summer is behind us, we await the promised consultations on the wide ranging and far reaching proposals for non UK domiciled individuals announced at the Summer Budget 2015.<\/p>\n
It has always been difficult for the Government to ensure that the non-domiciled community are encouraged to continue to come to the UK, where they undoubtedly can bring investment, skills and spending power, without the general public perceiving that the tax breaks for non UK domiciles are too great. The phrase \u201cnot looked<\/em><\/strong> fair\u201d was actually used in the official announcement.<\/p>\n So what could we be facing?<\/p>\n Resident non UK domiciles<\/strong><\/p>\n Returning UK domiciles<\/strong><\/p>\n An individual who has a UK domicile of origin will automatically revive his UK domicile for taxation purposes on returning to the UK after 5 April 2017 regardless of their domicile under general law.<\/p>\n UK residential property<\/strong><\/p>\n The limited guidance issued after the Summer Budget, just on these measures, mentioned consultations more than 12 times, so it is to be hoped that HMRC will take their time and listen to the responses they receive when looking to implement the Government\u2019s wishes.<\/p>\n These proposals will involve amending existing legislation across the statute books as well as new legislation. The last time such wholesale changes were implemented, was pretty quickly followed by a relaxation of some of the changes. It is to be hoped that HMRC will consider carefully the responses that the interested bodies will furnish them with.<\/p>\n Anyone potentially affected by these changes must take advice in good time to allow for a measured response to their own personal position.<\/p>\n","protected":false},"excerpt":{"rendered":" Now that the summer is behind us, we await the promised consultations on the wide ranging and far reaching proposals for non UK domiciled individuals announced at the Summer Budget 2015. It has always been difficult for the Government to ensure that the non-domiciled community are encouraged to continue to come to the UK, where[…] <\/p>\n\n
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