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Q&As on new deemed-domicile rules

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The CIOT, STEP, ICAEW and the Law Society have added a further set of draft questions and answers to their package highlighting areas of uncertainty in the new deemed domicile legislation introduced from 6 April 2017. The latest addition covers the extension of IHT to overseas property representing UK residential property interests.

Areas previously covered include trust protections, mixed fund cleansing and rebasing. These draft Q&As have been sent to HMRC for comment, but have not yet been agreed and should not be taken as representing HMRC’s views. See