Requirement to Correct

The Requirement to Correct (RTC) legislation is HMRC’s last attempt to coerce taxpayers, with links to offshore assets, to ensure that their historic tax affairs are correct. From April 2017 the new legislation dictates that any entity in the world has an obligation to identify and disclose any historic non-disclosure relating to Income Tax, Capital

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Offshore Trusts – Historic UK non compliance

The treatment of offshore trusts (and foundations) is a highly complex area of UK tax legislation that requires advice on creation but also continued specialist advice to ensure that they remain UK tax compliant throughout their operation. From April 2017 the new “Requirement to Correct” legislation dictates that any entity in the world has an

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Non-Domiciled UK individuals

Individuals resident in the UK who have previously enjoyed non-domiciled status are facing the prospect of considerable changes to their tax position. In the Summer 2015 Budget it was announced that considerable changes would be made to the tax regime for non-domiciled individuals, which would bring to an end the considerable benefits that many have

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residency and domicile

Residential Buy-to-Let Landlords

In his 2015 Budget, the Chancellor of the Exchequer announced changes affecting residential landlords who are active in the buy-to-let sector. Many of the tax measures that were announced have been implemented in April 2016, with the remainder being phased in over the coming years. The motivation behind the tax changes applicable to landlords of

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