11 August 2015
Currently, non-UK domiciliaries (non-doms) can pay UK income tax and capital gains tax (CGT) on their foreign income and gains only if these are brought (‘remitted’) to the UK.
05 August 2015
Changes to the taxation of non-doms were perhaps expected after the UK general election; however, they were not expected on such a fundamental scale. Whether non-doms will stay or go, and what the net impact on the UK economy will be, is a big unknown!
08 July 2015
An emerging theme is a simplification of the tax system for basic rate taxpayers coupled with significant further complexity for companies and high-income individuals. It’s worth asking whether the bundle of tax changes for individuals proposed by the Chancellor risks stifling aspiration.
07 July 2015
The Chancellor outlined measures to allow individuals to pass on their family home on death up to a value of £1 million without suffering inheritance tax, but the funding for this has to come at a cost to those high earners planning for their retirements. Step in changes to pensions.
30 June 2015
Without the shackles of a Coalition partner, it’s possible the Conservatives may introduce some unpopular measures in this Budget, in the hope that any outrage will die down long before another Election.
Karen Clark is the tax partner in charge of the London private client team at RSM.