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Consultation on proposals to restrict claims to non-domicile status.
The Treasury has launched a consultation setting out the detail of the proposals that will restrict individuals from being able to claim non-domiciled status for tax purposes. Under the new regime an individual who has been resident in the UK for at least 15 of the past 20 tax years will be treated as deemed UK domiciled for tax purposes. Once deemed UK domiciled an individual will no longer be able to use the remittance basis of tax.
The document Reforms to the taxation of non-domiciles includes draft legislation to illustrate how the new rules would work in the context of one aspect of the remittance basis for income tax and capital gains tax. Draft legislation is also attached on the deeming provision for inheritance tax.
The measures are planned to come into effect on 6 April 2017.
A separate consultation will be published on the proposal...
