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Individual Taxation

Presentation

Abolishing the permanency of non-dom status – consultation update

HM Treasury has issued a response to the September 2015 consultation concerning non-domicile status for tax purposes. The response generally confirms little change to the original proposals.
Sterling notes

The 0% rate of tax on Savings Income

The £5,000 nil-rate starting band for savings is available where earned income is less than £16,000 and yet individuals with taxable income greater than this can make use of it.
Key barriers

Government looks to ‘shut down’ IHT advantages of offshore structures holding UK property

The UK Treasury has issued a consultation paper outlining changes to the IHT treatment of UK property held within offshore structures on Friday 19 August. Legislation implementing the change will come into effect from 6 April 2017.
Couple signing forms

Bond tax for an investor returning to the UK

The taxation issues related to an individual who is or is likely to become a UK resident and who owns a Personal Portfolio Bond.
Analysis

Plan while you can - Non-UK domiciled clients

This article explains why an offshore bond is a suitable investment for non-UK domicile clients and how they can be used as an effective tax planning vehicle following the Summer Budget 2015 and changes that were announced which will have a direct impact on non-UK domiciles and and the remittance basis of taxation.
euros

Savings and dividend taxation bands and allowances

Previously we have written articles covering the new taxation rules surrounding savings income and dividends. Here we provide a series of scenarios to show how these interact with an individual’s personal allowance and tax rates. Topic:Income Tax
pen and cards

Changes to Dividend Taxation

Budget 2015 introduced changes to the way dividends will be taxed with effect from April 2016. Topic:Income Tax
businessman walking

Dividend taxation - an update

Further to the Summer Budget 2015, HMRC have now issued a factsheet providing some clarity on how the £5,000 dividend allowance will work from April 2016. Topic:Income Tax
Modern building

Property, CGT and PRR for the International Investor

Subject to certain reliefs and allowances, UK residents are liable to Capital Gains Tax (CGT) when they sell capital assets (including property), whether these are situated in the UK or overseas. Topic:Capital Gains Tax
sterling notes

The new 0% rate of tax on Savings Income

With effect from 6 April 2015 the starting rate of tax for savings income was reduced from 10% to a zero rate. In addition, the savings rate band was increased from £2880 per year to £5000 and the ability to claim tax free interest was introduced but what does this all mean to investors? Topic:Income Tax

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