Reforms to the taxation of non-UK domiciles

The reforms include:

• Changes to who is deemed a non-UK or UK domicile in relation to inheritance tax
• Changes to the classification of domiciles born in the UK
• The opportunity to rebase their assets
• Changes to the taxation of offshore trusts

Rakesh Dabasia, Private Client Tax Director at INPACT member Rayner Essex in the UK, has summarised the reforms to the taxation of non-UK domiciles on Rayner Essex’s website.

If you need any more information regarding the taxation of non-UK domiciles you can contact Rakesh at rakesh.dabasia@rayneressex.com.