Thompson says he suspects this is a stay of execution and outlines how to play this situation as the snap UK election looms.
He also explains how a type of trust can ringfence assets outside of the UK to give protection from UK inheritance tax.
How the tricky ‘stay of execution’ for UK non-doms will unfold
The UK new non-dom rules which were dramatically dropped from the government’s finance bill has left those who prepared for those changes “in a very difficult position”, says Paul Thompson, tax and estate planning consultant at Canada Life.
