A look at investment strategies for the non-UK
domiciled individual.
Until 5 April 2008, non-domiciled UK tax residents had had a
fairly easy ride when it came to UK income and CGT on their
offshore income. But the changes announced in October 2007 have
radically altered the tax planning landscape for such
individuals.
The well-heeled can still qualify for immunity from UK taxes
on their offshore income and gains, provided they pay their
subscription fee of £30,000 per annum to UK plc. But what
about those individuals for whom £30,000 is not
justifiable relative to their offshore income? After all, they
would prefer to avoid paying tax on an arising basis if at all
possible.
