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# 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 [ | + | 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> | ||
Line 14: | Line 16: | ||
:[[Introduction]] | :[[Introduction]] | ||
− | :1 [[ | + | :[[Dedication]] |
+ | |||
+ | :A1 [[FIG Relief/Abolition of Domicile]] | ||
+ | |||
+ | :'''''<span style="font-size:106%"><span style="color:navy">Non-dom Policy & Avoidance</span></span>''''' | ||
+ | |||
+ | :1 [[Mobile Individuals: Tax Policy]] | ||
:2 [[Tax Avoidance]] | :2 [[Tax Avoidance]] | ||
− | :3 [[ | + | :3 [[Targeted Anti-Avoidance Rules (TAARs)]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Domicile & Residence</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Income Tax: Principles & Remittance Basis</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Income by Category</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">IT: General</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">IT Avoidance Codes</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Capital Gains Tax</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Funds</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Inheritance Tax</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Entities</span></span>''''' |
− | : | + | :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]] |
− | : | + | :'''''<span style="font-size:106%"><span style="color:navy">Topics Affecting More Than One Tax</span></span>''''' |
− | : | + | :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]] |
− | </ | + | :'''''<span style="font-size:106%"><span style="color:navy">Double Taxation Agreements IT/CGT</span></span>''''' |
+ | :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]] | |
− | + | :'''''<span style="font-size:106%"><span style="color:navy">Double Taxation Agreements: IHT</span></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="font-size:106%"><span style="color:navy">Administration</span></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="font-size:106%"><span style="color:navy">Words & Concepts</span></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="font-size:106%"><span style="color:navy">Construction of Statutes</span></span>''''' | ||
+ | |||
+ | :[[Appendix 8 Deeming Provisions]] | ||
+ | |||
+ | :[[Appendix 9 Purpose of Statute]] | ||
+ | |||
+ | :'''''<span style="font-size:106%"><span style="color:navy">Special Taxpayers</span></span>''''' | ||
+ | |||
+ | :[[Appendix 10 Parliamentarians]] | ||
+ | |||
+ | :[[Appendix 11 Visiting Forces]] | ||
+ | |||
+ | :[[Appendix 12 Students and Teachers]] | ||
+ | |||
+ | :'''''<span style="font-size:106%"><span style="color:navy">Tax Reform</span></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]] | ||
+ | |||
+ | |||
+ | </div> | ||
+ | |||
+ | |||
+ | <big>'''2024/25 edition'''</big> | ||
+ | |||
+ | The 2024/25 edition of ''Taxation of Non-Residents and Foreign Domiciliaries'' is available online. The paper form will follow in June. | ||
+ | |||
+ | 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> | ||
− | : | + | 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]. |
− | : | + | Without logging in, you can access: |
− | + | Chapter A1 [[FIG Relief/Abolition of Domicile]]<br/>Chapter 1 [[Mobile Individuals: 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 | + | You need to register for the current edition. Registration for an earlier edition is no longer valid. |
<big>'''Comments please'''</big> | <big>'''Comments please'''</big> | ||
− | Users can also [[contribute to the text]] and if you can add anything | + | 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 | + | 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 | + | 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 290: | Line 398: | ||
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 | + | To contact James Kessler KC [mailto:[email protected]?Subject=TFD%20online click here] |
− | To contact | + | 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 298: | Line 406: | ||
<big>'''Technical notes'''</big> | <big>'''Technical notes'''</big> | ||
− | TFD online is | + | 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> | ||
− | + | To access the TFD reference material, click here: [[TFD Resource Archive]] |
Revision as of 08:21, 9 April 2024
This site provides comprehensive information about:
- Taxation of foreign domiciliaries
- Taxation of non-residents on UK 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 Taxation of Non-Residents and Foreign Domiciliaries by James Kessler KC.
Contents
- Non-dom Policy & Avoidance
- Domicile & Residence
- 4 Domicile
- 10 Split Years
- 12 Exit Taxes
- Income Tax: Principles & Remittance Basis
- 20 Mixed Funds
- Income by Category
- 23 Performers
- 36 PAYE
- IT: General
- IT Avoidance Codes
- Capital Gains Tax
- 63 Sub-Funds
- Funds
- 69 Unit Trusts
- Inheritance Tax
- Entities
- 85 Partnerships
- Topics Affecting More Than One Tax
- 96 Cryptoassets
- Double Taxation Agreements IT/CGT
- Double Taxation Agreements: IHT
- 119 IHT DTA: USA
- Administration
- 123 Claims
- 126 Penalties
- Appendices
- Words & Concepts
- Construction of Statutes
- Special Taxpayers
- Tax Reform
2024/25 edition
The 2024/25 edition of Taxation of Non-Residents and Foreign Domiciliaries is available online. The paper form will follow in June.
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 A1 FIG Relief/Abolition of Domicile
Chapter 1 Mobile Individuals: 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