As chancellor allegedly George Osborne prepares to crack down on non-doms in Wednesday’s budget, experts have recommended offshore bonds as an alternative to those facing an increasing amount to protect their foreign earnings from UK tax.
Lloyds Bank has announced an expansion of its London Expat Service to tap to the growing number of high net worth individuals moving into the UK.
Chris Groves and Sophie Dworetzsky from international law firm Withers outline six of their expectations for July’s Budget.
The Conservative Party’s surprise majority victory in the UK General Election will allow the new government to press ahead with its promise to make greater efforts to counter tax avoidance and evasion. Here are 10 points that highlight what this means for those claiming non-domicile tax status.
Changing legislation and rising charges will mean that non-doms cannot rest on their laurels following the election of a majority Conservative government in the UK general election last week, warns law firm Stephenson Harwood.
Some commentators were prompted to say that the election battle began in earnest earlier this week, with Ed Miliband’s announcement Labour will do away with the rules which provide for the remittance basis of taxation in the UK.
The UK’s non-domicile tax regime could be abolished if the Labour party comes to power in May, but experts claim this would be a “disaster” for the UK economy.
Coutts has appointed a managing director for Western European, American, and resident non-domiciled clients.
London & Capital, the London-based wealth manager, has named Cindy Lim to a key client relationship management role in its immigration division, as it expands its business looking after so-called "high value" immigrants to the UK.
Neil Chadwick, Royal London 360 Technical Marketing Manager, looks at the non-dom remitance fee hike
UK non-doms are reportedly facing a further tax squeeze, to be introduced as early as next month
Some 16,000 non-doms left the UK in 2008-09, with a £30,000 fee levied on them cited as the cause.
