04 February 2016 UK publishes draft law on abolition of non-UK domiciled status for long-term UK residents As indicated in the Budget on July 8, 2015, the UK Government is pushing ahead with proposals to restrict the tax reliefs available to those not domiciled within the UK (often called "non doms"). The proposals will prevent two key groups of non doms from claiming relief: (i) those who have been UK tax resident in 15 out of the previous 20 UK tax years, and (ii) individuals born in the UK, who had a UK domicile of origin, but who had under current law established a domicile of choice outside the UK, but who return to the UK. Draft legislation has now been published for consultation, with a view to it forming part of the 2016 Finance Bill, although the law will not come into force before April 6, 2017. The consultation period is shorter than normal, closing on March 2. A Tax Alert prepared by Ernst & Young's Human Capital Group, and attached below, provides additional details. Document ID: 2016-0248 |
