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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.

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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.

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