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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  
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# Other topics arising in this context, including tax avoidance, and disclosure and compliance
  
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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 QC].   
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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%">
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<big>'''Contents'''</big>
 
<big>'''Contents'''</big>
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[[Update]]
 
[[Update]]
  
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[[Introduction]]
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:[[Introduction]]
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:[[Dedication]]
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:A1  [[FIG Relief/Abolition of Domicile]]
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:'''''<span style="font-size:106%"><span style="color:navy">Non-dom Policy & Avoidance</span></span>'''''
  
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:1  [[Foreign Domicile: Tax Policy]]
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:1  [[Mobile Individuals: Tax Policy]]
  
 
:2  [[Tax Avoidance]]
 
:2  [[Tax Avoidance]]
  
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:3  [[Domicile]]  
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:3  [[Targeted Anti-Avoidance Rules (TAARs)]]
  
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:4  [[Deemed Domicile]]
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:'''''<span style="font-size:106%"><span style="color:navy">Domicile & Residence</span></span>'''''
  
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:5   [[Residence of Individuals]]
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:4   [[Domicile]]  
  
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:6   [[Residence of Trustees]]
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:5   [[Deemed Domicile]]
  
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:7   [[Treaty-Residence]]
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:6   [[Residence of Individuals]]
  
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:8   [[Exit Taxes]]
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:7   [[Residence of Trustees]]
  
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:9  [[Split Years: Arrival and Departure]]
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:8  [[Residence of Companies]]
  
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:10  [[Temporary Non-residence]]
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:9  [[Treaty-Residence]]
  
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:11 [[Source/Relevant Foreign Income]]  
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:10  [[Split Years]]
  
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:12 [[The Remittance Basis]]
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:11 [[Temporary Non-residence]]
  
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:13 [[The Meaning of Remittance]]
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:12 [[Exit Taxes]]
  
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:14 [[Remittance Reliefs]]
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:13 [[UK Arrival or Departure: Tax Checklist]]
  
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:15  [[Mixed Funds]]
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:'''''<span style="font-size:106%"><span style="color:navy">Income Tax: Principles & Remittance Basis</span></span>'''''
  
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:16 [[Trading Income]]
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:14 [[Income and its Categorisation]]  
  
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:17 [[Trading in Land]]
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:15 [[Income Recognition: Receive/Entitled/Arise/Paid]]
  
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:18 [[Performers]]
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:16 [[Source/RFI/Territorial Principles]]  
  
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:19 [[Property Income]]
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:17 [[The Remittance Basis]]
  
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:20 [[Deduction of interest from Property Income]]
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:18 [[The Meaning of Remittance]]
  
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:21 [[Interest Income]]
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:19 [[Remittance Reliefs]]
  
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:22 [[Exempt Interest of Non-Residents]]
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:20 [[Mixed Funds]]
  
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:23  [[Dividend Income]]
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:'''''<span style="font-size:106%"><span style="color:navy">Income by Category</span></span>'''''
  
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:24 [[Royalty Income]]
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:21 [[Trading Income]]
  
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:25 [[Misc Sweep-Up Income]]
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:22 [[Trading in Land]]
  
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:26 [[Employment Income]]
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:23 [[Performers]]
  
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:27 [[Travel Expenses: Employment Income]]
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:24 [[Property Income]]
  
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:28 [[PAYE]]
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:25 [[Deduction of interest from Property Income]]
  
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:29 [[Employment Income: DT Relief]]
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:26 [[Interest Income]]
  
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:30 [[Pension and Annuity Income]]
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:27 [[Exempt Interest of Non-Residents]]
  
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:31 [[Discretionary Trusts: Income Tax]]
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:28 [[Accrued Income Profits]]
  
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:32 [[IIP Trusts: Income Tax]]
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:29 [[Deeply Discounted Securities]]
  
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:33 [[Settlor-interested Trust Code]]
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:30 [[Dividend Income]]
  
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:34 [[Transfer of Assets Abroad: Introduction]]
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:31 [[Annual Payments]]
  
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:35 [[Transfer of Assets Abroad: Transferors]]
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:32 [[Intellectual Property Income]]
  
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:36 [[Transfer of Assets Abroad: Benefits]]
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:33 [[Misc Sweep-Up Income]]
  
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:37 [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
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:34 [[Employment Income]]
  
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:38 [[Transfer of Assets Abroad: Motive Defence]]
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:35 [[Travel Expenses: Employment Income]]
  
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:39 [[Profit Fragmentation]]
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:36 [[PAYE]]
  
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:NEW [[Transfer of Income Streams]]
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:37  [[Employment Income: DT Relief]]
  
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:40 [[Life Policies and Contracts]]
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:38 [[Pension and Annuity Income]]
  
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:41 [[Offshore Funds: Definition]]
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:39 [[Benefit in Kind: Family Home and Chattels]]
  
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:42 [[Offshore Income Gains]]
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:40 [[Benefit in Kind: Loans from Non-Resident Companies]]
  
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:43  [[Income from Offshore Funds]]
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:'''''<span style="font-size:106%"><span style="color:navy">IT: General</span></span>'''''
  
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:44 [[Accrued Income Profits]]
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:41 [[Discretionary Trusts: Income Tax]]
  
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:45 [[Deeply Discounted Securities]]
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:42 [[IIP Trusts: Income Tax]]
  
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:46 [[Unit Trusts]]
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:43 [[Rates of Income Tax/CGT]]
  
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:47 [[Intermediated Securities]]
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:44 [[Personal Allowances]]
  
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:48 [[Partnerships]]
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:45 [[Non-Residents Income Tax Relief]]
  
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:49 [[Non-Resident Income Tax Relief]]
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:46 [[National Insurance Contributions]]
  
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:50  [[Collection of Tax from UK Representatives]]
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:'''''<span style="font-size:106%"><span style="color:navy">IT Avoidance Codes</span></span>'''''
  
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:51 [[Investment Manager Exemptions]]
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:47 [[Settlor-interested Trust Code]]
  
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:52 [[Investment Management Fees & Carried Interest]]
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:48 [[Transfer of Assets Abroad: Introduction]]
  
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:53 [[Loans from Non-Resident Companies]]
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:49 [[Transfer of Assets Abroad: Transferors]]
  
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:54 [[Transactions in Securities]]
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:50  [[Transfer of Assets Abroad: Benefits]]
  
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:55 [[Rates of Income Tax/CGT]]
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:51 [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
  
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:56 [[Personal Allowances]]
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:52 [[Transfer of Assets Abroad: Motive Defence]]
  
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:57 [[National Insurance Contributions]]
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:53 [[Profit Fragmentation]]
  
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:58 [[Chargeable Gains]]
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:54 [[Transfer of Income Streams]]
  
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:59 [[UK Property Held by Non-Residents]]
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:55 [[Transactions in Securities]]
  
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:60  [[Private Residence Relief]]
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:'''''<span style="font-size:106%"><span style="color:navy">Capital Gains Tax</span></span>'''''
  
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:61 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
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:56 [[Chargeable Gains]]
  
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:62 [[Capital Payments from Non-Resident Trusts: s.87]]
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:57 [[UK Property Held by Non-Residents]]
  
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:63  [[Borrowing by Non-Resident Trust: Sch 4B]]
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:58 [[Reorganisations]]
  
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:64 [[Protected Trusts]]
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:59 [[Residential Property: CGT]]
  
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:65 [[Sub-Funds]]
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:60 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
  
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:66 [[Gains of Non-Resident Companies]]
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:61 [[Capital Payments from Non-Resident Trusts: s.87 Code]]
  
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:67 [[Capital Losses]]
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:62 [[Borrowing by Non-Resident Trust: Sch 4B]]
  
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:68 [[Foreign Currency Issues]]
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:63 [[Sub-Funds]]
  
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:69 [[Unremittable Assets]]
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:64 [[Gains of Non-Resident Companies]]
  
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:70 [[Double Taxation Arrangements: Introduction]]
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:65 [[Capital Losses]]
  
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:71  [[DTA Anti-abuse Rules]]
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:'''''<span style="font-size:106%"><span style="color:navy">Funds</span></span>'''''
  
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:72 [[Foreign Tax Credit Relief]]
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:66 [[Funds: Terms & Concepts]]
  
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:73 [[EU Law and UK Taxation]]
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:67 [[Offshore Income Gains]]
  
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:74 [[Excluded Property: Definition]]
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:68 [[Income from Offshore Funds]]
  
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:75 [[Excluded Property Exemptions]]
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:69 [[Unit Trusts]]
  
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:76 [[Wills and IOVs]]
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:70 [[Life Policies and Contracts]]
  
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:77 [[Reservation of Benefit]]
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:71 [[Intermediated Securities]]
  
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:78 [[Inter-Trust Transfers: IHT]]
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:72 [[Investment Manager Exemptions]]
  
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:79 [[IHT Deduction for Debts]]
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:73 [[Investment Management Fees & Carried Interest]]
  
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:NEW [[IHT Close-Company Code]]
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:'''''<span style="font-size:106%"><span style="color:navy">Inheritance Tax</span></span>'''''
  
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:80 [[IHT Double Taxation Treaties: Introduction]]
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:74 [[IHT Terms and Concepts]]
  
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:81 [[IHT DTAs: India, Pakistan, Italy, France]]
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:75 [[Excluded Property: Definition]]
  
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:82 [[IHT DTA: Netherlands]]
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:76 [[Excluded Property Exemptions]]
  
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:83 [[IHT DTA: Switzerland]]
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:77  [[Wills and IOVs]]
  
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:84 [[IHT DTA: USA]]
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:78 [[Reservation of Benefit]]
  
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:85 [[Foreign IHT Credit Relief]]
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:79 [[Inter-Trust Transfers: IHT]]
  
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:86 [[Non-Dom/Non-Resident Spouse]]
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:80 [[IHT Deduction for Debts]]
  
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:87 [[Family Home and Chattels: Benefit in Kind Charges]]
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:81 [[IHT Close-Company Code]]
  
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:88 [[IHT Residential Property Code]]
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:82 [[IHT Residential Property Code]]
  
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:89 [[Pre-Owned Assets]]
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:83 [[Pre-Owned Assets]]
  
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:90 [[Joint Accounts]]
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:84 [[Pension Schemes and IHT]]
  
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:91  [[ATED Taxes]]
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:'''''<span style="font-size:106%"><span style="color:navy">Entities</span></span>'''''
  
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:92 [[Estates of Deceased Persons: CGT]]
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:85 [[Partnerships]]
  
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:93 [[Estates of Deceased Persons: Income Tax]]
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:86 [[Partnership Income: Attribution]]
  
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:94 [[Who is the Settlor?]]
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:87 [[Settlement, Bare Trust, and Associated Terminology]]
  
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:95 [[Trusts with Two or More Settlors]]
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:88 [[Estates of Deceased Persons: CGT]]
  
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:96 [[Situs of Assets for IHT]]
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:89 [[Estates of Deceased Persons: Income Tax]]
  
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:97 [[Situs of Assets for CGT]]
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:90 [[Foreign Entities]]
  
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:98 [[Foreign Entities]]
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:91 [[Hybrid Entities]]
  
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:99  [[Hybrid Entities]]
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:'''''<span style="font-size:106%"><span style="color:navy">Topics Affecting More Than One Tax</span></span>'''''
  
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:100 [[Control Connected Close and Related Expressions]]
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:92 [[Protected Trusts]]
  
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:101 [[Permanent Establishment and Branch/Agency]]
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:93 [[Non-Dom/Non-Resident Spouse]]
  
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:102 [[Reporting and Compliance]]
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:94 [[Joint Accounts]]
  
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:103 [[Claims]]
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:95 [[Foreign Currency Issues]]
  
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:104  [[Reporting and compliance: IHT]]
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:96 [[Cryptoassets]]
  
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:105 [[Reporting Beneficial Owners]]
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:97  [[Unremittable Assets]]
  
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:106 [[Disclosure of Offshore Trusts]]  
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:98  [[ATED and SDLT]]
  
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:107 [[Requirement to Correct]]
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:99  [[Who is the Settlor?]]
  
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:108 [[Criminal Law and Professional Conduct]]
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:100  [[Multiple Settlors]]
  
 +
:101  [[Statutory Tax Indemnities]]
  
 +
:102  [[Situs of Assets for IHT]]
  
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<big>'''Appendices'''</big>
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:103 [[Situs of Assets for CGT]]
  
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:[[Appendix 1: Words of Dispute]]
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:104 [[Control Connected Close and Related Expressions]]
  
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:[[Appendix 2: Common Legal Expressions]]  
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:105 [[Participation & % Investment Tests]]
  
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:[[Appendix 3: Family Terminology]]  
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:106 [[Permanent Establishment and Branch/Agency]]
  
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:[[Appendix 4: Consideration, Arm's Length/Full Value]]
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:'''''<span style="font-size:106%"><span style="color:navy">Double Taxation Agreements IT/CGT</span></span>'''''
  
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:[[App New:   Commercial/View to Profit]]
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:107 [[Double Taxation Arrangements: Introduction]]
  
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:[[Appendix 5: Associated Operations: IHT]]
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:108 [[DTA Anti-abuse Rules]]
  
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:[[Appendix 6: Deeming Provisions]]
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:109 [[Third Party Relief/Savings Clause]]
  
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:[[App New:    Territorial Limits]]
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:110 [[Limitation on Benefits]]
  
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:[[Appendix 7: What Do We Mean by "Real"]]
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:111 [[Credit for Foreign Tax]]
  
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:[[Appendix 8: Parliamentarians]]
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:112 [[Non-discrimination]]
  
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:[[Appendix 9: Visiting Forces]]
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:113 [[Mutual Agreement Procedure]]  
  
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:[[Appendix 10: How to Improve Residence and Domicile Taxation]]
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:'''''<span style="font-size:106%"><span style="color:navy">Double Taxation Agreements: IHT</span></span>'''''
  
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:[[Appendix 11: Reform of Offshore Anti-avoidance Rules]]
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:114 [[IHT Double Taxation Treaties: Introduction]]
  
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:[[Appendix 12: UK Arrival or Departure: Tax Checklist]]
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:115 [[IHT DTAs: India, Pakistan, Italy, France]]
  
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:[[Appendix 13: The Wisdom of Parliament]]
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:116 [[IHT DTA: Netherlands]]
  
 +
:117 [[IHT DTA: South Africa]]
  
 +
:118 [[IHT DTA: Switzerland]]
  
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</div>
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:119 [[IHT DTA: USA]]
  
 +
:120 [[Credit for Foreign IHT]]
  
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<big>'''New 2020/21 edition out soon'''</big>
+
:'''''<span style="font-size:106%"><span style="color:navy">Administration</span></span>'''''
  
−
The 2020/21 online edition of ''Taxation of Non-residents and Foreign Domiciliaries'' will be published on 6 April. This online edition will initially be based on the Finance Bill as published on 17th March 2020 and updated subsequently as necessary.
+
:121 [[Reporting and Compliance]]
  
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The paper version of the book will be published as soon as possible after our printers re-open for business.
+
:122 [[Tax Return Filing Position]]
  
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To maintain unbroken access to TFD online after 6 April, you will need to order an online licence. To obtain this, go to
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:123 [[Claims]]
−
[https://www.khpplc.co.uk/ the publishers website]
+
  
−
Licences for the 2019/20 edition will not be valid from 6 April 2020.
+
:124 [[Collection of IT/CGT from UK Representatives]]
  
 +
:125 [[Reporting and Compliance: IHT]]
  
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<big>'''How to login'''</big>
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:126 [[Penalties]]
  
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Most of this site requires you [[Special:Userlogin|to login]].  To obtain a login licence:
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:127 [[Failure to Prevent Tax Evasion]]
  
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    Every copy of the printed book has a 3 week trial licence (see inside back cover of volume 1)  To order copies of the book [mailto:[email protected]?Subject=TFD%20enquiry email the publishers] or [http://khpplc.co.uk/ go to the publishers' website].
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:128 [[Reporting Offshore Trusts]]  
  
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    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].
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:129 [[International Movement of Capital: Reports]]
  
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    Without logging in, you can access: Chap 1 [[Foreign Domicile: Tax Policy]]; Chap 2 [[Tax Avoidance]].
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:130 [[Common Reporting Standard]]
 +
 
 +
:131 [[Trust Registration (TRS)]]
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 +
:132 [[Customer Due Diligence]]
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 +
:133 [[Money Laundering: POCA]]
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 +
 
 +
:'''<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 in Tax Statutes]]
 +
 
 +
:'''''<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]]
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 +
:[[Appendix 14 Reform of Offshore Anti-avoidance Law]]
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 +
:[[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]
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<big>'''How to login'''</big>
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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].
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Without logging in, you can access:
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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.
  
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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>
  
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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/barrister/ross-birkbeck/ Ross Birkbeck].   
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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].   
  
 
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<big>'''If you want further advice'''</big>
  
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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.  See [[How to instruct James Kessler QC]].
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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>
  
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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.
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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>
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If you have technical problems, or problems logging in, [mailto:[email protected]?Subject=TFD%20Technical%20query click here]
 
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To contact James Kessler KC [mailto:[email protected]?Subject=TFD%20online click here]
  
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To contact Ross Birkbeck, who reviews online contributions, [mailto:rossbirkbeck@15oldsquare.co.uk?Subject=TFD%20contact%20moderator%20request click here]
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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 323: Line 406:
 
<big>'''Technical notes'''</big>
 
<big>'''Technical notes'''</big>
  
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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.
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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.
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<big>'''TFD Resource Archive'''</big>
  
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Site hosting and management by [http://www.highwiredesign.com: Highwire] </big>
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To access the TFD reference material, click here: [[TFD Resource Archive]]

Revision as of 11:42, 3 May 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
Dedication
A1 FIG Relief/Abolition of Domicile
Non-dom Policy & Avoidance
1 Mobile Individuals: 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 Reporting Offshore Trusts
129 International Movement of Capital: Reports
130 Common Reporting Standard
131 Trust Registration (TRS)
132 Customer Due Diligence
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 in Tax Statutes
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



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.

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Chapter A1 FIG Relief/Abolition of Domicile
Chapter 1 Mobile Individuals: Tax Policy
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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.

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Technical notes

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