Business Investment Relief – important changes you need to know
The BIR rules are changing on 6 April 2025. This article looks at the impact of those new rules.
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Rule Changes
CGT rebasing – Everything you need to know about the new rules
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,
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Understanding the Temporary Repatriation Facility
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
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Major changes to the IHT tax status of offshore trusts
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?
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The move from a domicile to a residence test for UK Inheritance Tax
After several hundred years, domicile is being replaced as the main deciding factor when assessing liability to UK IHT,
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The death of the remittance basis
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?
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