International Personal Tax Fundamentals - Domicile

Significant changes affecting the taxation of internationally mobile individuals have been made in recent years.  In particular, the introduction of the Statutory Residence Test from April 2013 brought a significant change to the approach for determining residence which impacts incoming and outgoing clients.  

More recently there has been reform on a range of aspects affecting non-UK domiciles in recent Finance Acts.

This particular session focuses on all matters domicile and will examine the key elements of these developments as well as ensuring that you are equipped with the fundamentals required when dealing with non-UK domiciled clients.

There is a separate session which focuses on Residence.

Content will include:

• Types of domicile and significance
• Deemed UK domicile and significance
• UK tax treatment of non-UK domiciles overview
• Income tax implications including
  • Employment Income
  • Remittance Basis
• Business Investment Relief
• CGT implications
• IHT implications including excluded property trusts

Click here for the 2023 version of this course.