Difference between revisions of "Main Page"

From TFD Online 2024-25
Jump to: navigation, search
(583 intermediate revisions by 4 users not shown)
Line 1: Line 1:
−
<big>This website provides comprehensive information about:
+
<big>This site provides comprehensive information about:
 
# Taxation of foreign domiciliaries
 
# Taxation of foreign domiciliaries
 
# Taxation of non-residents on UK income and assets
 
# Taxation of non-residents on UK income and assets
 
# Taxation of UK residents on foreign income and assets  
 
# Taxation of UK residents on foreign income and assets  
 +
# Other topics arising in this context, including tax avoidance, and disclosure and compliance
  
−
It is the online version of the 2016/17 edition of [http://www.kessler.co.uk/taxation-of-foreign-domiciliaries/ ''Taxation of Non-Residents and Foreign Domiciliaries''] by [http://www.kessler.co.uk James Kessler QC] with some subsequent updating.
+
It is the online version of [https://www.kessler.co.uk/taxation-of-foreign-domiciliaries/ ''Taxation of Non-Residents and Foreign Domiciliaries''] by [https://www.kessler.co.uk James Kessler KC].
  
 
<div style="float: left; width: 33%">
 
<div style="float: left; width: 33%">
 +
  
 
<big>'''Contents'''</big>
 
<big>'''Contents'''</big>
  
−
[http://www.foreigndomiciliaries.co.uk/index.php/Updates Updates]  
+
[[Update]]
 +
 
 +
:[[Introduction]]
 +
 
 +
:A1  [[FIG Relief/Abolition of Domicile]]
 +
 
 +
:'''''<span style="color:navy">Non-dom Policy & Avoidance</span>'''''
  
−
[[Introduction]]
+
:1  [[Foreign Domicile: Tax Policy]]
  
−
:1   [[Foreign Domicile: Tax Policy and Reforms]]
+
:2   [[Tax Avoidance]]
  
−
:2   [[Wake Up and Smell the Coffee: Public Debate on Tax Avoidance]]
+
:3   [[Targeted Anti-Avoidance Rules (TAARs)]]
  
−
:3  [[Domicile]]
+
:'''''<span style="color:navy">Domicile & Residence</span>'''''
  
−
:4  [[Deemed Domicile for IHT]]
+
:4  [[Domicile]]  
  
−
:5  [[Deemed Domicile from 2017]]
+
:5  [[Deemed Domicile]]
  
 
:6  [[Residence of Individuals]]
 
:6  [[Residence of Individuals]]
Line 28: Line 36:
 
:7  [[Residence of Trustees]]
 
:7  [[Residence of Trustees]]
  
−
:8  [[Treaty-Residence]]
+
:8  [[Residence of Companies]]
  
−
:9  [[Exit Taxes]]
+
:9  [[Treaty-Residence]]
  
−
:10 [[Split Years: Arrival and Departure]]
+
:10   [[Split Years]]
  
−
:11  [[Temporary Non-residence: Post-2013 Departures]]
+
:11  [[Temporary Non-residence]]
  
−
:11A [[Temporary Non-residence: Pre-2013 Departures]]
+
:12 [[Exit Taxes]]
  
−
:12 [[The Remittance Basis]]
+
:13 [[UK Arrival or Departure: Tax Checklist]]
  
−
:13  [[The Meaning of Remittance]]
+
:'''''<span style="color:navy">Income Tax: Principles & Remittance Basis</span>'''''
  
−
:14  [[Remittance Reliefs]]
+
:14  [[Income and its Categorisation]]  
  
−
:15  [[Mixed Funds]]
+
:15  [[Income Recognition: Receive/Entitled/Arise/Paid]]
  
−
:16  [[Income Categories and Sources]]
+
:16  [[Source/RFI/Territorial Principles]]  
  
−
:17  [[Trading Income]]
+
:17  [[The Remittance Basis]]
  
−
:18  [[Entertainers and Sportspeople]]
+
:18  [[The Meaning of Remittance]]
  
−
:19  [[Property Income]]
+
:19  [[Remittance Reliefs]]
  
−
:20  [[Deduction of interest from Property Income]]
+
:20  [[Mixed Funds]]
  
−
:21  [[Interest Income]]
+
:'''''<span style="color:navy">Income by Category</span>'''''
  
−
:22 [[Exempt Interest of Non-Residents]]
+
:21 [[Trading Income]]
  
−
:23 [[Dividend Income]]
+
:22 [[Trading in Land]]
  
−
:24 [[Royalty Income]]
+
:23 [[Performers]]
  
−
:25 [[Misc Sweep-Up Income]]
+
:24 [[Property Income]]
  
−
:26 [[Employment Income]]
+
:25 [[Deduction of interest from Property Income]]
  
−
:27 [[Travel Expenses: Employment Income Deduction]]
+
:26 [[Interest Income]]
  
−
:28 [[PAYE]]
+
:27 [[Exempt Interest of Non-Residents]]
  
−
:29 [[Employment Income: DT Relief]]
+
:28 [[Accrued Income Profits]]
  
−
:30 [[Pension and Annuity Income]]
+
:29 [[Deeply Discounted Securities]]
  
−
:31 [[Discretionary Trusts: Income Tax]]
+
:30 [[Dividend Income]]
  
−
:32 [[IIP Trusts: Income Tax]]
+
:31 [[Annual Payments]]
  
−
:33 [[Settlor-interested Trusts]]
+
:32 [[Intellectual Property Income]]
  
−
:34 [[Transfer of Assets Abroad: Introduction]]
+
:33 [[Misc Sweep-Up Income]]
  
−
:35 [[Transfer of Assets Abroad: Transferors]]
+
:34 [[Employment Income]]
  
−
:36 [[Transfer of Assets Abroad: Non-transferors]]
+
:35 [[Travel Expenses: Employment Income]]
  
−
:37 [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
+
:36 [[PAYE]]
  
−
:38 [[Transfer of Assets Abroad: Motive Defence]]
+
:37 [[Employment Income: DT Relief]]
  
−
:39 [[Life Policies and Contracts]]
+
:38 [[Pension and Annuity Income]]
  
−
:40 [[Offshore Funds: Definition]]
+
:39 [[Benefit in Kind: Family Home and Chattels]]
  
−
:41 [[Offshore Income Gains]]
+
:40 [[Benefit in Kind: Loans from Non-Resident Companies]]
  
−
:42  [[Income from Offshore Funds]]
+
:'''''<span style="color:navy">IT: General</span>'''''
  
−
:43 [[Accrued Income Profits]]
+
:41 [[Discretionary Trusts: Income Tax]]
  
−
:44 [[Deeply Discounted Securities]]
+
:42 [[IIP Trusts: Income Tax]]
  
−
:45 [[Unit Trusts]]
+
:43 [[Rates of Income Tax/CGT]]
  
−
:46 [[Intermediated Securities]]
+
:44 [[Personal Allowances]]
  
−
:47 [[Partnerships]]
+
:45 [[Non-Residents Income Tax Relief]]
  
−
:48 [[Non-Residents Income Tax Relief]]
+
:46 [[National Insurance Contributions]]
  
−
:49  [[Collection of Tax from UK Representatives]]
+
:'''''<span style="color:navy">IT Avoidance Codes</span>'''''
  
−
:50 [[Investment Manager Exemptions]]
+
:47 [[Settlor-interested Trust Code]]
  
−
:51 [[Loans from Non-Resident Companies]]
+
:48 [[Transfer of Assets Abroad: Introduction]]
  
−
:52 [[Rates of Tax]]
+
:49 [[Transfer of Assets Abroad: Transferors]]
  
−
:53 [[Personal Allowances and Annual Exemptions]]
+
:50 [[Transfer of Assets Abroad: Benefits]]
  
−
:54 [[National Insurance Contributions]]
+
:51 [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
  
−
:55 [[Capital Gains of UK Residents]]
+
:52 [[Transfer of Assets Abroad: Motive Defence]]
  
−
:56 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
+
:53 [[Profit Fragmentation]]
  
−
:57 [[Capital Payments from Non-Resident Trusts: s.87]]
+
:54 [[Transfer of Income Streams]]
  
−
:58 [[Borrowing by Non-resident Trust: Sch 4B]]
+
:55 [[Transactions in Securities]]
  
−
:59  [[Gains of Non-Resident Companies]]
+
:'''''<span style="color:navy">Capital Gains Tax</span>'''''
  
−
:60 [[Capital Losses]]
+
:56 [[Chargeable Gains]]
  
−
:61 [[Foreign Currency Issues]]
+
:57 [[UK Property Held by Non-Residents]]
  
−
:62  [[Unremittable Assets]]
+
:58 [[Reorganisations]]
  
−
:63 [[Double Taxation Arrangements: Introduction]]
+
:59 [[Residential Property: CGT]]
  
−
:64 [[DTA Anti-abuse Rules]]
+
:60 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
  
−
:65 [[Foreign Tax Credit Relief]]
+
:61 [[Capital Payments from Non-Resident Trusts: s.87 Code]]
  
−
:66 [[EU Law and UK Taxation]]
+
:62 [[Borrowing by Non-Resident Trust: Sch 4B]]
  
−
:67 [[Excluded Property: Definition]]
+
:63 [[Sub-Funds]]
  
−
:68 [[Excluded Property Exemptions]]
+
:64 [[Gains of Non-Resident Companies]]
  
−
:69 [[Wills and IOVs]]
+
:65 [[Capital Losses]]
  
−
:70  [[Reservation of Benefit]]
+
:'''''<span style="color:navy">Funds</span>'''''
  
−
:71 [[IHT Consequences of Transfers Between Trusts]]
+
:66 [[Funds: Terms & Concepts]]
  
−
:72 [[IHT Deduction for Debts]]
+
:67 [[Offshore Income Gains]]
  
−
:73 [[Double Inheritance Taxation: Introduction]]
+
:68 [[Income from Offshore Funds]]
  
−
:74 [[IHT DTAs: India, Pakistan, Italy, France]]
+
:69 [[Unit Trusts]]
  
−
:75 [[IHT DTA: USA]]
+
:70 [[Life Policies and Contracts]]
  
−
:76 [[IHT DTA: Switzerland]]
+
:71 [[Intermediated Securities]]
  
−
:77 [[Foreign IHT Credit Relief]]
+
:72 [[Investment Manager Exemptions]]
  
−
:78 [[Marriage to Non-dom or Non-resident]]
+
:73 [[Investment Management Fees & Carried Interest]]
  
−
:79  [[Private Residence Relief]]
+
:'''''<span style="color:navy">Inheritance Tax</span>'''''
  
−
:80 [[Residential Property of Non-Residents: NRCGT]]
+
:74 [[IHT Terms and Concepts]]
  
−
:81 [[Family Home and Chattels: Benefit in Kind Charges]]
+
:75 [[Excluded Property: Definition]]
  
−
:82  [[Corporate Residential Property]]
+
:76  [[Excluded Property Exemptions]]
 +
 
 +
:77  [[Wills and IOVs]]
 +
 
 +
:78  [[Reservation of Benefit]]
 +
 
 +
:79  [[Inter-Trust Transfers: IHT]]
 +
 
 +
:80  [[IHT Deduction for Debts]]
 +
 
 +
:81  [[IHT Close-Company Code]]
 +
 
 +
:82  [[IHT Residential Property Code]]
  
 
:83  [[Pre-Owned Assets]]
 
:83  [[Pre-Owned Assets]]
  
−
:84  [[Joint Accounts]]
+
:84  [[Pension Schemes and IHT]]
  
−
:85  [[Estates of Deceased Persons: CGT]]
+
:'''''<span style="color:navy">Entities</span>'''''
  
−
:86 [[Estates of Deceased Persons: Income Tax]]
+
:85 [[Partnerships]]
  
−
:87 [[Who is the Settlor?]]
+
:86 [[Partnership Income: Attribution]]
  
−
:88 [[Trusts with Two or More Settlors]]
+
:87 [[Settlement, Bare Trust, and Associated Terminology]]
  
−
:89 [[Situs of Assets for IHT]]
+
:88 [[Estates of Deceased Persons: CGT]]
  
−
:90 [[Situs of Assets for CGT]]
+
:89 [[Estates of Deceased Persons: Income Tax]]
  
−
:91 [[Foreign Entities]]
+
:90 [[Foreign Entities]]
  
−
:92 [[Hybrid Entities]]
+
:91 [[Hybrid Entities]]
  
−
:93  [[Control Connected Close and Related Expressions]]
+
:'''''<span style="color:navy">Topics Affecting More Than One Tax</span>'''''
  
−
:94 [[Permanent Establishment and Branch/Agency]]
+
:92 [[Protected Trusts]]
  
−
:95 [[Disclosure and Compliance]]
+
:93 [[Non-Dom/Non-Resident Spouse]]
  
−
:96 [[Disclosure and Compliance: IHT]]
+
:94 [[Joint Accounts]]
  
−
:97 [[Swiss Tax Agreement]]
+
:95 [[Foreign Currency Issues]]
  
−
:98  [[Criminal Law and Professional Conduct]]
+
:96 [[Cryptoassets]]
  
−
:99 [[Client Notification Regulations]]
+
:97 [[Unremittable Assets]]
  
−
:100 [[Sub-Funds]]
+
:98  [[ATED and SDLT]]
  
−
:101 [[IHT DTA Netherlands]]
+
:99  [[Who is the Settlor?]]
  
−
:102 [[Disclosure of Offshore Trusts]]
+
:100  [[Multiple Settlors]]
  
−
:[[Appendix 1: Common Expressions]]
+
:101  [[Statutory Tax Indemnities]]
  
−
:[[Appendix 1A: Consideration, Arm's Length/Full Value]]
+
:102  [[Situs of Assets for IHT]]
  
−
:[[Appendix 2: Construction of Deeming Provisions]]
+
:103 [[Situs of Assets for CGT]]
  
−
:[[Appendix 3: What Do We Mean by "Real"?]]
+
:104 [[Control Connected Close and Related Expressions]]
  
−
:[[Appendix 4: Parliamentarians]]
+
:105 [[Participation & % Investment Tests]]
  
−
:[[Appendix 5: Visiting Forces]]
+
:106 [[Permanent Establishment and Branch/Agency]]
  
−
:[[Appendix 6: How to Improve Residence and Domicile Taxation]]
+
:'''''<span style="color:navy">Double Taxation Agreements IT/CGT</span>'''''
  
−
:[[Appendix 7: Reform of Offshore Anti-avoidance Rules]]
+
:107 [[Double Taxation Arrangements: Introduction]]
  
−
:[[Appendix 8: UK Arrival or Departure: Tax Checklist]]
+
:108 [[DTA Anti-abuse Rules]]
  
−
:[[Appendix 9: Welsh Devolution]]
+
:109 [[Third Party Relief/Savings Clause]]
  
−
:[[Appendix 10: Associated Operations: IHT]]
+
:110 [[Limitation on Benefits]]
 +
 
 +
:111 [[Credit for Foreign Tax]]
 +
 
 +
:112 [[Non-discrimination]]
 +
 
 +
:113 [[Mutual Agreement Procedure]]
 +
 
 +
:'''''<span style="color:navy">Double Taxation Agreements: IHT</span>'''''
 +
 
 +
:114 [[IHT Double Taxation Treaties: Introduction]]
 +
 
 +
:115 [[IHT DTAs: India, Pakistan, Italy, France]]
 +
 
 +
:116 [[IHT DTA: Netherlands]]
 +
 
 +
:117 [[IHT DTA: South Africa]]
 +
 
 +
:118 [[IHT DTA: Switzerland]]
 +
 
 +
:119 [[IHT DTA: USA]]
 +
 
 +
:120 [[Credit for Foreign IHT]]
 +
 
 +
:'''''<span style="color:navy">Administration</span>'''''
 +
 
 +
:121 [[Reporting and Compliance]]
 +
 
 +
:122 [[Tax Return Filing Position]]
 +
 
 +
:123 [[Claims]]
 +
 
 +
:124 [[Collection of IT/CGT from UK Representatives]]
 +
 
 +
:125 [[Reporting and Compliance: IHT]]
 +
 
 +
:126 [[Penalties]]
 +
 
 +
:127 [[Failure to Prevent Tax Evasion]]
 +
 
 +
:128 [[Common Reporting Standard]]
 +
 
 +
:129 [[Trust Registration (TRS)]]
 +
 
 +
:130 [[Customer Due Diligence]]
 +
 
 +
:131 [[Reporting Offshore Trusts]]
 +
 
 +
:132 [[International Movement of Capital: Reports]]
 +
 
 +
:133 [[Money Laundering: POCA]]
 +
 
 +
 
 +
:'''<big>Appendices</big>'''
 +
 
 +
:'''''<span style="color:navy">Words & Concepts</span>'''''
 +
 
 +
:[[Appendix 1 Words of Dispute]]
 +
 
 +
:[[Appendix 2 Common Legal Expressions]]
 +
 
 +
:[[Appendix 3 Family Terminology]]
 +
 
 +
:[[Appendix 4 Consideration/Arm's Length/Full Value]]
 +
 
 +
:[[Appendix 5 Commercial/View to Profit]]
 +
 
 +
:[[Appendix 6 Beneficial Ownership/Entitlement]]
 +
 
 +
:[[Appendix 7 What Do We Mean by "Real"]]
 +
 
 +
:'''''<span style="color:navy">Construction of Statutes</span>'''''
 +
 
 +
:[[Appendix 8 Deeming Provisions]]
 +
 
 +
:[[Appendix 9 Purpose of Statute]]
 +
 
 +
:'''''<span style="color:navy">Special Taxpayers</span>'''''
 +
 
 +
:[[Appendix 10 Parliamentarians]]
 +
 
 +
:[[Appendix 11 Visiting Forces]]
 +
 
 +
:[[Appendix 12 Students and Teachers]]
 +
 
 +
:'''''<span style="color:navy">Tax Reform</span>'''''
 +
 
 +
:[[Appendix 13 How to Improve Residence and Domicile Taxation]]
 +
 
 +
:[[Appendix 14 Reform of Offshore Anti-avoidance Law]]
 +
 
 +
:[[Appendix 15 Citizenship-based Taxation]]
 +
 
 +
:[[Appendix 16 The Wisdom of Parliament]]
  
  
Line 246: Line 359:
  
  
−
<big>'''How to login'''</big>
+
<big>'''2023/24 edition'''</big>
  
−
Most of this website requires you [[Special:Userlogin|to login]]. To obtain a login licence:
+
The 2023/24 edition of ''Taxation of Non-Residents and Foreign Domiciliaries'' is available online and in paper form.
  
−
:•  Every copy of the printed book has a 3 week trial licence (see inside back cover of volume 1)
+
To access TFD online, you will need an online licence. To obtain this, go to
 +
[https://www.khpplc.co.uk/ the publishers website] or email [mailto:[email protected]?Subject=TFD%20online [email protected]] Licences for previous editions are not valid for the current edition.
 +
 
 +
If you are an academic, student or other non-tax practitioner who wants access for research purposes, [mailto:[email protected]?Subject=TFD%20online contact James Kessler]
 +
 
 +
<big>'''How to login'''</big>
  
−
:• You may purchase a single or multiple user licence:  To obtain these, go to the publishers online ordering [http://www.khpplc.co.uk/products/82/Taxation-of-Non-Residents-and-Foreign-Domiciliaries-15th-Online-Edition here (book)] and [http://www.khpplc.co.uk/products/82/Taxation-of-Non-Residents-and-Foreign-Domiciliaries-15th-Online-Edition here (licence)].  For multiple user licence [mailto:[email protected]?Subject=TFD%20contact%20publisher%20request%20multiple%20user%20licences contact the publishers].
+
Most of this site requires you [[Special:Userlogin|to login]]. You may purchase a single or multiple user licence:  To obtain these [mailto:[email protected]?Subject=TFD%20contact%20publisher%20request%20multiple%20user%20licences contact the publishers].
  
−
:•  If you have not (yet) bought the book associated with this site, [http://www.kessler.co.uk/taxation-of-foreign-domiciliaries/ ''Taxation of Non-Residents and Foreign Domiciliaries''], you may [[Special:Userlogin|register for a free one day trial]]. There is no charge for a one day trial, but if you find the site useful, and wish to express support or thanks, the author invites you to [http://www.justgiving.com/jameskessler/ make a donation to the charity Water Aid].
+
Without logging in, you can access:
  
−
:•  Without logging in, you can access some chapters: chap 1 [[Foreign Domicile: Tax Policy and Reforms]]; chap 2 [[Wake Up and Smell the Coffee: Public Debate on Tax Avoidance]]; chap 11A [[Temporary Non-residence: Pre-2013 Departures]]; chap 99 [[Client Notification Regulations]].
+
Chapter 1 [[Foreign Domicile: Tax Policy]]<br/>Chapter 2 [[Tax Avoidance]].
  
 
You enter this site once you have registered and [[Special:Userlogin| logged in]] by clicking on the index on the left, or you can search the text.
 
You enter this site once you have registered and [[Special:Userlogin| logged in]] by clicking on the index on the left, or you can search the text.
  
−
You need to register with the password for the current edition. Registration for an earlier edition is not valid.
+
You need to register for the current edition. Registration for an earlier edition is no longer valid.
  
−
<big>'''How to comment'''</big>
+
<big>'''Comments please'''</big>
  
−
Users can also [[contribute to the text]] and if you can add anything extra which is worth saying, or spot anything that needs to be corrected, please do!. A copy of the next edition of the book will be given to the user who makes the most edits.  User contributions are reviewed by [http://www.taxchambers.com/barrister/oliver-marre/ Oliver Marre].   
+
Users can also [[contribute to the text]] and if you can add anything, or spot anything that needs to be corrected, please do!  A copy of the next edition of the book will be given to the user who makes the most edits.  User contributions are reviewed by [https://www.taxchambers.com/team/rebecca-sheldon/ Rebecca Sheldon].   
  
 
<big>'''If you want further advice'''</big>
 
<big>'''If you want further advice'''</big>
  
−
If you do not find the answer to your question here, or if you want advice on which you can legally rely, you may instruct James Kessler QC to advise.  For further information see [[How to instruct James Kessler QC]].
+
If you do not find the answer to your question here, or if you want advice on which you can legally rely, you may instruct James Kessler KC or other members of his chambers to advise.  See [[How to instruct James Kessler KC]].
  
 
<big>'''Archive editions'''</big>
 
<big>'''Archive editions'''</big>
  
−
There are [[archive editions]] for years since 2003/04.  These will occasionally be useful to investigate the tax position in earlier years, but the current edition will generally be the best starting point, as that has been written in the light of current HMRC guidance, and further thought and research.
+
There are [[archive editions]] for years since 2003/04.  These will be useful to investigate the tax position in earlier years, but the current edition will generally be the best starting point, as that has been written in the light of current HMRC guidance, and further thought and research.  
  
 
<big>'''Contact '''</big>
 
<big>'''Contact '''</big>
Line 278: Line 396:
 
If you have technical problems, or problems logging in, [mailto:[email protected]?Subject=TFD%20Technical%20query click here]
 
If you have technical problems, or problems logging in, [mailto:[email protected]?Subject=TFD%20Technical%20query click here]
  
−
To contact James Kessler QC [mailto:[email protected]?Subject=TFD%20online click here]
+
To contact James Kessler KC [mailto:[email protected]?Subject=TFD%20online click here]
  
−
To contact Oliver Marre, who reviews online contributions, [mailto:OliverMarre@15oldsquare.co.uk?Subject=TFD%20contact%20moderator%20request click here]
+
To contact Rebecca Sheldon, who reviews online contributions, [mailto:RebeccaSheldon@15oldsquare.co.uk?Subject=TFD%20contact%20moderator%20request click here]
  
 
For multiple user licences, or to install on a firm's intranet, [mailto:[email protected]?Subject=TFD%20contact%20publisher%20request%20multiple%20user%20licences contact the publishers].
 
For multiple user licences, or to install on a firm's intranet, [mailto:[email protected]?Subject=TFD%20contact%20publisher%20request%20multiple%20user%20licences contact the publishers].
Line 286: Line 404:
 
<big>'''Technical notes'''</big>
 
<big>'''Technical notes'''</big>
  
−
TFD online is in technical terms a [http://en.wikipedia.org/wiki/Wiki Wiki] on the lines of [http://en.wikipedia.org Wikipedia], but only registered users can edit the text.
+
TFD online is a [http://en.wikipedia.org/wiki/Wiki Wiki] on the lines of [http://en.wikipedia.org Wikipedia], but only registered users can edit the text.
 +
 
 +
 
 +
<big>'''TFD Resource Archive'''</big>
  
−
Site hosting and management by [http://www.highwiredesign.com: Highwire] </big>
+
To access the TFD reference material, click here: [[TFD Resource Archive]]

Revision as of 07:16, 14 March 2024

This site provides comprehensive information about:

  1. Taxation of foreign domiciliaries
  2. Taxation of non-residents on UK income and assets
  3. Taxation of UK residents on foreign income and assets
  4. Other topics arising in this context, including tax avoidance, and disclosure and compliance

It is the online version of Taxation of Non-Residents and Foreign Domiciliaries by James Kessler KC.


Contents

Update

Introduction
A1 FIG Relief/Abolition of Domicile
Non-dom Policy & Avoidance
1 Foreign Domicile: Tax Policy
2 Tax Avoidance
3 Targeted Anti-Avoidance Rules (TAARs)
Domicile & Residence
4 Domicile
5 Deemed Domicile
6 Residence of Individuals
7 Residence of Trustees
8 Residence of Companies
9 Treaty-Residence
10 Split Years
11 Temporary Non-residence
12 Exit Taxes
13 UK Arrival or Departure: Tax Checklist
Income Tax: Principles & Remittance Basis
14 Income and its Categorisation
15 Income Recognition: Receive/Entitled/Arise/Paid
16 Source/RFI/Territorial Principles
17 The Remittance Basis
18 The Meaning of Remittance
19 Remittance Reliefs
20 Mixed Funds
Income by Category
21 Trading Income
22 Trading in Land
23 Performers
24 Property Income
25 Deduction of interest from Property Income
26 Interest Income
27 Exempt Interest of Non-Residents
28 Accrued Income Profits
29 Deeply Discounted Securities
30 Dividend Income
31 Annual Payments
32 Intellectual Property Income
33 Misc Sweep-Up Income
34 Employment Income
35 Travel Expenses: Employment Income
36 PAYE
37 Employment Income: DT Relief
38 Pension and Annuity Income
39 Benefit in Kind: Family Home and Chattels
40 Benefit in Kind: Loans from Non-Resident Companies
IT: General
41 Discretionary Trusts: Income Tax
42 IIP Trusts: Income Tax
43 Rates of Income Tax/CGT
44 Personal Allowances
45 Non-Residents Income Tax Relief
46 National Insurance Contributions
IT Avoidance Codes
47 Settlor-interested Trust Code
48 Transfer of Assets Abroad: Introduction
49 Transfer of Assets Abroad: Transferors
50 Transfer of Assets Abroad: Benefits
51 Transfer of Assets Abroad: Relief from Overlapping Charges
52 Transfer of Assets Abroad: Motive Defence
53 Profit Fragmentation
54 Transfer of Income Streams
55 Transactions in Securities
Capital Gains Tax
56 Chargeable Gains
57 UK Property Held by Non-Residents
58 Reorganisations
59 Residential Property: CGT
60 Gains of Non-Resident Settlor-Interested Trusts: s.86
61 Capital Payments from Non-Resident Trusts: s.87 Code
62 Borrowing by Non-Resident Trust: Sch 4B
63 Sub-Funds
64 Gains of Non-Resident Companies
65 Capital Losses
Funds
66 Funds: Terms & Concepts
67 Offshore Income Gains
68 Income from Offshore Funds
69 Unit Trusts
70 Life Policies and Contracts
71 Intermediated Securities
72 Investment Manager Exemptions
73 Investment Management Fees & Carried Interest
Inheritance Tax
74 IHT Terms and Concepts
75 Excluded Property: Definition
76 Excluded Property Exemptions
77 Wills and IOVs
78 Reservation of Benefit
79 Inter-Trust Transfers: IHT
80 IHT Deduction for Debts
81 IHT Close-Company Code
82 IHT Residential Property Code
83 Pre-Owned Assets
84 Pension Schemes and IHT
Entities
85 Partnerships
86 Partnership Income: Attribution
87 Settlement, Bare Trust, and Associated Terminology
88 Estates of Deceased Persons: CGT
89 Estates of Deceased Persons: Income Tax
90 Foreign Entities
91 Hybrid Entities
Topics Affecting More Than One Tax
92 Protected Trusts
93 Non-Dom/Non-Resident Spouse
94 Joint Accounts
95 Foreign Currency Issues
96 Cryptoassets
97 Unremittable Assets
98 ATED and SDLT
99 Who is the Settlor?
100 Multiple Settlors
101 Statutory Tax Indemnities
102 Situs of Assets for IHT
103 Situs of Assets for CGT
104 Control Connected Close and Related Expressions
105 Participation & % Investment Tests
106 Permanent Establishment and Branch/Agency
Double Taxation Agreements IT/CGT
107 Double Taxation Arrangements: Introduction
108 DTA Anti-abuse Rules
109 Third Party Relief/Savings Clause
110 Limitation on Benefits
111 Credit for Foreign Tax
112 Non-discrimination
113 Mutual Agreement Procedure
Double Taxation Agreements: IHT
114 IHT Double Taxation Treaties: Introduction
115 IHT DTAs: India, Pakistan, Italy, France
116 IHT DTA: Netherlands
117 IHT DTA: South Africa
118 IHT DTA: Switzerland
119 IHT DTA: USA
120 Credit for Foreign IHT
Administration
121 Reporting and Compliance
122 Tax Return Filing Position
123 Claims
124 Collection of IT/CGT from UK Representatives
125 Reporting and Compliance: IHT
126 Penalties
127 Failure to Prevent Tax Evasion
128 Common Reporting Standard
129 Trust Registration (TRS)
130 Customer Due Diligence
131 Reporting Offshore Trusts
132 International Movement of Capital: Reports
133 Money Laundering: POCA


Appendices
Words & Concepts
Appendix 1 Words of Dispute
Appendix 2 Common Legal Expressions
Appendix 3 Family Terminology
Appendix 4 Consideration/Arm's Length/Full Value
Appendix 5 Commercial/View to Profit
Appendix 6 Beneficial Ownership/Entitlement
Appendix 7 What Do We Mean by "Real"
Construction of Statutes
Appendix 8 Deeming Provisions
Appendix 9 Purpose of Statute
Special Taxpayers
Appendix 10 Parliamentarians
Appendix 11 Visiting Forces
Appendix 12 Students and Teachers
Tax Reform
Appendix 13 How to Improve Residence and Domicile Taxation
Appendix 14 Reform of Offshore Anti-avoidance Law
Appendix 15 Citizenship-based Taxation
Appendix 16 The Wisdom of Parliament



2023/24 edition

The 2023/24 edition of Taxation of Non-Residents and Foreign Domiciliaries is available online and in paper form.

To access TFD online, you will need an online licence. To obtain this, go to the publishers website or email [email protected] Licences for previous editions are not valid for the current edition.

If you are an academic, student or other non-tax practitioner who wants access for research purposes, contact James Kessler

How to login

Most of this site requires you to login. You may purchase a single or multiple user licence: To obtain these contact the publishers.

Without logging in, you can access:

Chapter 1 Foreign Domicile: Tax Policy
Chapter 2 Tax Avoidance.

You enter this site once you have registered and logged in by clicking on the index on the left, or you can search the text.

You need to register for the current edition. Registration for an earlier edition is no longer valid.

Comments please

Users can also contribute to the text and if you can add anything, or spot anything that needs to be corrected, please do! A copy of the next edition of the book will be given to the user who makes the most edits. User contributions are reviewed by Rebecca Sheldon.

If you want further advice

If you do not find the answer to your question here, or if you want advice on which you can legally rely, you may instruct James Kessler KC or other members of his chambers to advise. See How to instruct James Kessler KC.

Archive editions

There are archive editions for years since 2003/04. These will be useful to investigate the tax position in earlier years, but the current edition will generally be the best starting point, as that has been written in the light of current HMRC guidance, and further thought and research.

Contact

If you have technical problems, or problems logging in, click here

To contact James Kessler KC click here

To contact Rebecca Sheldon, who reviews online contributions, click here

For multiple user licences, or to install on a firm's intranet, contact the publishers.

Technical notes

TFD online is a Wiki on the lines of Wikipedia, but only registered users can edit the text.


TFD Resource Archive

To access the TFD reference material, click here: TFD Resource Archive

Retrieved from "http://foreigndomiciliaries.co.uk/index.php?title=Main_Page&oldid=35201"