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ARTICLE · 07 AUGUST 2017

Non-Dom Update | July 2017

Withers LLP
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First announced in 2015, significant changes to the taxation of UK resident non-doms and non-domiciled owners of UK residential property had been proposed to take effect from 6 April 2017.

United KingdomStrategy
Christopher Groves
Christopher Groves
Claire Harris
Claire Harris
Justine Markovitz
Justine Markovitz
Ian Perrett
Ian Perrett
Katie Graves
Katie Graves
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First announced in 2015, significant changes to the taxation of UK resident non-doms and non-domiciled owners of UK residential property had been proposed to take effect from 6 April 2017. However, following the calling of the General Election on 8 June, these changes were not included in the Finance Act 2017 which was passed before Parliament was prorogued.

Since then there has been unwelcome uncertainty as to whether the changes would still be introduced and, if they were, whether the implementation of the changes would be delayed beyond 6 April 2017.

It has now been confirmed that the rules will take effect from 6 April 2017 in broadly the form of the draft legislation published in the draft Finance Bill earlier this year. There are a number of technical changes to the draft rules, which will not have significant effects. However, one piece of good news for individuals with mixed fund accounts dating from before 6 April 2008 is that the new cleansing rules will

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