Recent developments affecting the taxation of private clients include: the proposed cap on income tax relief for charitable donations, which may make it more attractive for donors to postpone their charitable giving to charitable bequests and which will affect other tax reliefs; the availability, from 6 April 2012, of tax exemptions to non-domiciled individuals remitting their foreign income and/or capital gains to make a ‘qualifying investment’ in the UK; and the introduction of restrictions to the draft legislation on the seed enterprise investment scheme.
