Non Doms
Tax & Regulation | 22 Sep 16
HFM Columbus warns UK non-doms of ‘pitfalls’ with IPP drawdowns
UK-based wealth manager HFM Columbus has warned non-domiciled UK residents of the pitfalls of making large withdrawals from their international pension plans (IPP) ahead of changes to rules governing remittances.
Tax & Regulation | 19 Jul 16
Int’l IFA group urges UK government to delay non-dom reform
Boston Multi Family Office (BMFO), an Isle of Man-based tax advisory firm with offices in Malta and Dubai, has called on the incoming chancellor Philip Hammond to delay tax reforms governing non-UK domiciles.
Tax & Regulation | 14 Jul 16
Further tax cuts predicted as Hammond becomes UK chancellor
Britain’s new prime minister Theresa May has appointed former foreign secretary Philip Hammond as chancellor of the exchequer with a leading expert predicting he may delay long-awaited reforms to non-UK domiciles.
Tax & Regulation | 30 Mar 16
CGT reforms a ‘real boost’ to UK non-doms, says Old Mutual
Reforms announced by chancellor George Osborne earlier this month could mean that non-UK domiciles are thousands of pounds better off if they hold onto their overseas assets until after they change their status, Rachael Griffin, the financial planning expert at Old Mutual Wealth, has said.
Tax & Regulation | 20 Nov 15
UK non-dom changes unfair, unreasonable, disproportionate
Plans that would effectively end the UK’s non-domicile status for tax purposes have the potential to do more harm than good and could be contrary to EU law, according to the Institute of Chartered Accountants.