In the first of two articles Lynnette Bober National Tax Consultant at Smith & Williamson provides a post-FB update on residence and domicile issues this week covering the remittance basis provisions
This article discusses the Finance Bill 2009 changes with respect to the new remittance basis regime. An understanding of the main Finance Act 2008 changes is assumed. A second article will look at some wider residence and domicile issues.
Individuals who are UK-resident and domiciled but not ordinarily resident in the UK are entitled to the remittance basis with respect to foreign income (not foreign gains) and in the context of foreign income the references below to UK foreign domiciliaries apply to these individuals.
The changes to...
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In the first of two articles Lynnette Bober National Tax Consultant at Smith & Williamson provides a post-FB update on residence and domicile issues this week covering the remittance basis provisions
This article discusses the Finance Bill 2009 changes with respect to the new remittance basis regime. An understanding of the main Finance Act 2008 changes is assumed. A second article will look at some wider residence and domicile issues.
Individuals who are UK-resident and domiciled but not ordinarily resident in the UK are entitled to the remittance basis with respect to foreign income (not foreign gains) and in the context of foreign income the references below to UK foreign domiciliaries apply to these individuals.
The changes to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
