Expert commentary and practical guidance from ICAEW related to residence and domicile in the UK personal tax regime, including offshore investments,
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax
Finance (No 2) Act 2017 introduced significant changes to the taxation of foreign domiciliaries. In TAXguide 06/18 ICAEW, STEP, the CIOT and the Law Society have published questions and draft suggested answers to highlight and consider areas of uncertainty in the statutory provisions for trust protections. Read a summary and download the full guide.
In TAXguide 04/18 Lisa Spearman provides an introduction to the taxation issues which may be in point when considering the non UK aspects of a client’s affairs. Read a summary here, Tax Faculty members can download the full guide.
Use of foreign income and gains as loan collateral for a relevant debt - update
Reforms to the Taxation of Non Domiciles - Meeting notes
Use of foreign income and gains as loan collateral
Non-domiciliary announcements made at summer budget 2015
How do the rules operate for displaced employees and those relocating to the UK? ICAEW’s Tax Faculty provides a summary.
Andrew Cockman, Director, Personal Tax Advisory at Azets Birmingham, reviews the Court of Appeal’s decision in Epaminondas Embiricos v HMRC [2022] EWCA Civ 3.
Changes to the excepted estate rules announced this year will apply from January 1, 2022. ICAEW technical editor Lindsey Wicks looks at the effects as more than 90% of non-taxpaying estates will no longer have to complete full inheritance tax accounts.
Agent Update 90 provides a summary of guidance that HMRC has issued to help the internationally mobile and their advisers cope with restrictions imposed by the pandemic.
Andrew Cockman explores whether HMRC can request details of a non-domiciled individual’s worldwide income and gains.
HMRC has agreed an analysis of when the inheritance tax spouse exemption is available for assets held in a trust which are treated as beneficially owned by the settlor as a result of the reservation of benefit rules.
29 May 2020: Employers can file their Appendix 4, 7A and 7B end-of-year reports by email, HMRC has confirmed.
14 April 2020: Chancellor relaxes tax residence test for skilled workers coming to the UK to help tackle the coronavirus pandemic.
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A chapter on tax planning for the non-resident and non-domiciled, highlighting tax planning opportunities and potential pitfalls.
A chapter on tax compliance and appeals in relation to the laws of residence and domicile.
Guidance for tax advisers on residence and domicile issues relevant to the taxation of trusts.
Authoritative, in-depth guidance on the law of residence for tax of individuals, companies, trusts and partnerships.
A chapter on UK taxation of trusts and estates in relation to the laws of residence and domicile.
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Guide to completing a Self-Assessment tax return for 2017/18, with advice and worked examples covering key aspects of personal taxation in the UK
This chapter deals with overseas income and gains of UK-resident individuals and companies, with a brief note on non-residents whose income arises in the UK. The chapter covers residence and domicile, general rules pertaining to the major taxes, and double taxation relief.
A straightforward explanation of tax and the policy behind it for non-specialists, with coverage of recent controversies and illustrative case studies.
This chapter summarises the tests of residence and domicile for tax purposes, as well as double taxation arrangements and personal allowances.
An overview of Capital Gains Tax, covering: exemptions; residence and domicile; annual exemption and losses; capital gains tax rate; disposal consideration; date of disposal; allowable costs; married couples; disposal to connected parties; part disposals and shares.
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Questions and answers on UK tax issues and trends from the ICAEW Tax and VAT Helpline, a subscription service provided by Markel Tax.
Markel Tax FAQs are correct at the time of going to press. To check current validity, please call the ICAEW Tax and VAT Helpline.
A response dated 18 February 2022 to a consultation published by HM Revenue & Customs on 30 November 2021.
Text of briefing submitted on 3 January 2019 to MPs by ICAEW Tax Faculty on Clause 16 & Schedule 4.
Chargeable gains accruing to non-residents and returns for disposals of land
Avoidance involving profit fragmentation arrangements
Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
Guidance providing an overview of taxable income, including rental income and selling or inheriting assets. It discusses personal allowances, tax reliefs available and how to claim tax reliefs, and the situation for UK residents.
Guidance for UK taxpayers with links to forms and tax returns required by HMRC, plus information on tax refunds, UK income, and National Insurance.
Guidance aimed at taxpayers covering UK residence and tax, non-domiciled residents, paying tax on foreign income, exemptions, claiming tax relief, and tax for foreign students in the UK.
HMRC internal manual providing guidance for those leaving and coming to the UK on residence and domicile status, UK tax liability and personal allowances - including guidance on particular occupations.
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