1. Income and capital gains tax changes for non-doms
Draft legislation and policy paper on
non-doms
On 2 February 2016 the Government published proposed income tax
and capital gains tax changes for non UK-domiciled individuals
(non-doms) with draft legislation to be included in Finance Bill
2016.
Headlines
Confirmation of deemed UK domicile test
Those claiming a domicile outside the UK will be deemed to be UK
domiciled for income tax and capital gains tax purposes from 6
April 2017 if:
- they were born in the UK with a UK
domicile of origin and are resident in the UK in a particular tax
year; or
- they have been resident in the UK for
at least 15 of the 20 tax years before the year in question
