ARTICLE · 28 SEPTEMBER 2016

Non-Dom Reforms – A Guide For Trustees

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On Friday 18th August 2016 the government released a further consultation document on the proposed changes to the taxation of non-domiciled individuals due to take effect from 6 April 2017.

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On Friday 18th August 2016 the government released a further consultation document on the proposed changes to the taxation of non-domiciled individuals due to take effect from 6 April 2017.

For a summary of the reforms and how non-domiciled individuals affected by these proposals may benefit from settling an offshore trust before 6 April 2017, please refer to our briefing entitled 'Non-Dom Reforms to Go Ahead'.

It is essential that offshore trustees have an understanding of the proposals and, in particular, an awareness of the transactions that may give rise to UK tax liabilities not only for themselves but also for the settlor and beneficiaries, so that professional advice can be taken where appropriate.

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