Background to CGT rebasing Capital Gains Tax applies to the increase in value of an assets when compared to the price you paid, when you make a disposal. For these purposes, “disposal” includes gifts as well as sales. Non-dom taxpayers have historically not had to worry much about UK CGT on their overseas assets. However, […]
CGT rebasing – Everything you need to know about the new rules Read More »
The Basics The Government will abolish the remittance basis from 6 April 2025 (read our article here). However, previous remittance users will still be subject to tax if they remit historic untaxed funds to the UK. The Temporary Remittance Facility (TRF) is an attempt to encourage taxpayers to remit funds to the UK. The TRF
Understanding the Temporary Repatriation Facility Read More »
Major changes to the IHT tax status of offshore trusts and other structures will take place from 6 April 2025. What does this mean for you?
Major changes to the IHT tax status of offshore trusts Read More »
After several hundred years, domicile is being replaced as the main deciding factor when assessing liability to UK IHT,
The move from a domicile to a residence test for UK Inheritance Tax Read More »
After 225 years, the remittance basis is being scrapped. Find out what will replace it and who will the winners and losers of this rule change be?
The death of the remittance basis Read More »