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Non-UK Domiciled Individuals: UK Tax Compliance and Planning


ISBN13: 9781912386659
To be Published: December 2023
Publisher: Claritax Books
Country of Publication: UK
Format: Paperback
Price: £95.00



Non-UK Domiciled Individuals: UK Tax Compliance and Planning is a practical guide to the complexities of the UK tax system as it pertains to non-UK domiciled individuals. The book will include a thorough discussion of the law and of the relevant compliance issues. Tax mitigation strategies will be considered and traps in the legislation will be highlighted.

Throughout the book there will be examples and case studies to illustrate the points made.

The focus of the book will be UK resident non-UK domiciled individuals. However, the territorial scope of UK legislation and its impact on non-UK resident and non-UK domiciled individuals will also be considered.

Subjects:
Taxation
Contents:
• Domicile and why it matters for UK tax purposes
The concept of domicile and its place in the UK tax system
Domicile of origin
Domicile of dependency
Domicile of choice
Challenges to general law of domicile
Deemed UK domicile
• Income tax and CGT – Fundamentals
Basis of taxation for UK resident non-UK domiciled individuals
Accessing the remittance basis
Long-term residents – the remittance basis charge
Source
Foreign income
Overseas workday relief
Foreign emoluments
Situs for CGT purposes
Foreign chargeable gains
• Income tax and CGT – Remitted to the UK
Statutory definition of "remitted to the UK"
Use directly or indirectly in respect of a relevant debt
Finance Act 2008 transitional reliefs
Relief for foreign income and gains used to pay the remittance basis charge
Business investment relief
Relief for certain UK services
Exempt property relief
• Income tax and CGT – The mixed fund rules
Segregation
The mixed fund rules
Punitive mixed fund rules
Overseas workday relief - special rules for nominated account
• Trusts – Special rules for non-UK domiciled individuals
The current position
• Deemed domiciled individuals
Basis of taxation for UK resident individuals with deemed UK domiciled
Rebasing
Cleansing
Trust protections
• Coming to and leaving the UK
Pre-arrival planning
Leaving the UK
The temporary non-UK resident provisions
• Inheritance tax
Territorial scope of IHT
Situs for IHT purposes
Application of the anti-avoidance legislation
Property
Restriction on spouse exemption
Transferable nil-rate band and residential nil-rate band
IHT estate treaties
• Compliance / tax administration issues
Overview of the compliance framework
Relevant partial closure notices - case law
HMRC "one to many" campaigns
Interest and penalties
Making a disclosure to HMRC
The general anti-abuse rules
• Crystal ball gazing
What might the future hold?
• Table of primary legislation
• Table of statutory instruments
• Index of cases
• General index

Series: Claritax Books

Schedule 36 Notices: HMRC information requests 2nd ed ISBN 9781912386727
Published October 2022
Claritax Books
£85.00
Taxation of Partnerships 2nd ed ISBN 9781912386567
Published October 2022
Claritax Books
£85.00
Cryptocurrency and Other Digital Assets: Tax Law and Practice ISBN 9781912386536
Published September 2022
Claritax Books
£80.00
Employee Share Schemes: Equity Reward for Private Companies 2nd ed ISBN 9781912386208
Published July 2022
Claritax Books
£85.00
Taxpayer Safeguards: Rights and Protections for Individuals 2nd ed ISBN 9781912386512
Published February 2022
Claritax Books
£85.00
Tax Appeals: Law and Practice at the FTT 5th ed ISBN 9781912386604
Published February 2022
Claritax Books
£85.00
Discovery Assessments: How to Challenge Them 3rd ed ISBN 9781912386598
Published January 2022
Claritax Books
£85.00
Construction Industry Scheme: Guidance and Commentary 3rd ed ISBN 9781912386451
Published November 2021
Claritax Books
£80.00
Personal Representatives: A Guide for Tax Practitioners 2nd ed ISBN 9781912386413
Published August 2021
Claritax Books
£85.00
Schedule 36 Notices: HMRC information requests ISBN 9781912386499
Published July 2021
Claritax Books
£85.00
Capital Allowances 2021-22 ISBN 9781912386376
Published May 2021
Claritax Books
Out of print
Inheritance Tax: Lifetime Transfers and the Death Estate ISBN 9781912386345
Published October 2020
Claritax Books
Out of print
Pension Tax Guide 2020-21 ISBN 9781912386369
Published August 2020
Claritax Books
Out of print
Out of print
Furnished Holiday Lettings: A Tax Guide 4th ed ISBN 9781912386222
Published June 2020
Claritax Books
£70.00
Taxation of Partnerships ISBN 9781912386314
Published June 2020
Claritax Books
Out of print
Main Residence Relief 3rd ed ISBN 9781912386239
Published April 2020
Claritax Books
£80.00
Living and Working Abroad ISBN 9781912386260
Published February 2020
Claritax Books
£50.00
Tax Appeals: Law and Practice at the FTT 4th ed ISBN 9781908545879
Published June 2019
Claritax Books
Out of print
A-Z of Plant & Machinery 2019-20 ISBN 9781912386215
Published May 2019
Claritax Books
Out of print
£80.00
Out of print
Personal Representatives: A Guide for Tax Practitioners ISBN 9781912386116
Published March 2019
Claritax Books
Out of print
Stamp Duty Land Tax: A Practical Guide 6th ed ISBN 9781912386178
Published March 2019
Claritax Books
Out of print
Discovery Assessments: How to Challenge Them 2nd ed ISBN 9781912386161
Published February 2019
Claritax Books
Out of print
Managing Risk: A Guide for Accountants and Tax Advisers ISBN 9781912386130
Published February 2019
Claritax Books
Out of print
Employment Status: A Tax Guide 4th ed ISBN 9781912386024
Published January 2019
Claritax Books
£85.00
Employee Share Schemes: Equity Reward for Private Companies ISBN 9781912386031
Published July 2018
Claritax Books
Out of print
Financial Planning with Trusts 2018-19 ISBN 9781912386109
Published July 2018
Claritax Books
Out of print
A-Z of Plant & Machinery 2018-19 ISBN 9781912386062
Published July 2018
Claritax Books
Out of print
Enterprise Investment Scheme and Other Venture Capital Reliefs ISBN 9781912386048
Published May 2018
Claritax Books
£70.00
VAT Registration: Unravelling the Complexities 2nd ed ISBN 9781912386000
Published February 2018
Claritax Books
£60.00
Construction Industry Scheme: Guidance and Commentary 2nd ed ISBN 9781908545954
Published November 2017
Claritax Books
Out of print
Furnished Holiday Lettings: A Tax Guide 3rd ed ISBN 9781908545732
Published June 2017
Claritax Books
Out of print
Residence: The Definition in Practice 3rd ed ISBN 9781908545817
Published January 2016
Claritax Books
Out of print
Research and Development: Maximising the Tax Relief ISBN 9781908545619
Published December 2014
Claritax Books
Out of print
Tax Chamber Hearings: A User's Guide 3rd ed ISBN 9781908545527
Published April 2014
Claritax Books
Out of print
PAYE: A Practical Guide 2012-13 ISBN 9781908545176
Published October 2012
Claritax Books
Out of print
Capital Allowances for Fixtures: 2012-13 ISBN 9781908545152
Published April 2012
Claritax Books
Out of print