Planning for change – non-UK domiciled individuals post 5 April 2017
The draft legislation released in December 2016 on the taxation of non- UK domiciled individuals clarifies some previously announced changes and also provides some planning opportunities. The objectives are to tax long term UK residents and those who own property in the UK on the same basis as those who were born here and have lived here all their lives. The result of this is that there will be less choice and potentially more UK tax exposure for non-UK domiciled individuals. This document should be read alongside our document “Domicile for UK tax purposes”.