Blick Rothenberg - Non-Domiciled Individuals - Transitional provisions скачать в хорошем качестве

Blick Rothenberg - Non-Domiciled Individuals - Transitional provisions

Blick Rothenberg - Non-Domiciled Individuals - Transitional provisions The abolition of the non-dom tax regime In the Spring Budget 2024 Jeremy Hunt announced the abolition of the non-dom tax regime and a new modernised ‘tax holiday’ for individuals moving to the UK. It is one of the most significant reforms to the non-dom tax regime in our generation. Many affected individuals will now face a dilemma due to the proposed rules, in terms of both their existing structures and ongoing exposure to UK Tax. In this short series we highlight what this could mean for you and how you can prepare for the changes. Transitional provisions The three main transitional concessions the Chancellor proposed in the Spring Budget for certain individuals are: Only 50% of foreign income will be subject to UK tax in 2025/26 Individuals who have previously claimed the remittance basis at some point will be able to make a remittance of previously untaxed income and gains in either the 2025/26 or 2026/27 tax year at a flat rate of 12% Individuals will be able to rebase their non-UK assets to the market value as at April 2019 Find out more: https://hubs.la/Q02sN0Mz0