United Kingdom Tax Bulletin - March 2008

Mondaq Business BriefingUnited Kingdom Law Articles in English (2008)

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United Kingdom Tax Bulletin - March 2008

Finance Bill 2008

The Finance Bill has now been published and we can rejoice that the details are available to resolve the finer points on Residence, the £30,000 domicile charge, the remittance basis, offshore trusts, offshore companies, capital gains tax, rebasing, Entrepreneur Relief, etc. We can rejoice even more that the Finance Bill is so comprehensive, covering 500 pages - and we have the benefit of the explanatory notes. They run to a further 1148 pages. I do not want to sound ungenerous but given what we are trying to find, the last thing we wanted was a haystack.

Anyway, without going over too much old ground, the following additional information may be of interest.

Alienation:

There has been an extremely significant change here. It will be remembered that if a non-dom makes a gift o...

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