Difference between revisions of "Main Page"

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:58 [[Reorganisations]]
 
:58 [[Reorganisations]]
  
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:59  [[Residential Property: CGT]]
  
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:60  [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
  
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:58 [[Residential Property: CGT]]
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:61 [[Capital Payments from Non-Resident Trusts: s.87 Code]]
  
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:59 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
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:62 [[Borrowing by Non-Resident Trust: Sch 4B]]
  
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:60 [[Capital Payments from Non-Resident Trusts: s.87 Code]]
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:63 [[Sub-Funds]]
  
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:61 [[Borrowing by Non-Resident Trust: Sch 4B]]
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:64 [[Gains of Non-Resident Companies]]
  
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:62  [[Sub-Funds]]
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:65 [[Capital Losses]]
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:63  [[Gains of Non-Resident Companies]]
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:64 [[Capital Losses]]
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<span style="color:#000080">''Funds:''</span>
 
<span style="color:#000080">''Funds:''</span>
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:68  [[Unit Trusts]]
 
:68  [[Unit Trusts]]
  
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:65 [[Life Policies and Contracts]]
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:69 [[Life Policies and Contracts]]
  
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:69 [[Intermediated Securities]]
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:70 [[Intermediated Securities]]
  
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:70 [[Investment Manager Exemptions]]
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:71 [[Investment Manager Exemptions]]
  
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:71 [[Investment Management Fees & Carried Interest]]
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:72 [[Investment Management Fees & Carried Interest]]
  
 
<span style="color:#000080">''Inheritance Tax:''</span>
 
<span style="color:#000080">''Inheritance Tax:''</span>
  
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:72 [[IHT Terms and Concepts]]
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:73 [[IHT Terms and Concepts]]
  
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:73 [[Excluded Property: Definition]]
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:74 [[Excluded Property: Definition]]
  
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:74 [[Excluded Property Exemptions]]
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:75 [[Excluded Property Exemptions]]
  
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:75 [[Wills and IOVs]]
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:76 [[Wills and IOVs]]
  
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:76 [[Reservation of Benefit]]
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:77 [[Reservation of Benefit]]
  
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:77 [[Inter-Trust Transfers: IHT]]
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:78 [[Inter-Trust Transfers: IHT]]
  
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:78 [[IHT Deduction for Debts]]
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:79 [[IHT Deduction for Debts]]
  
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:79 [[IHT Close-Company Code]]
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:80 [[IHT Close-Company Code]]
  
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:80 [[IHT Residential Property Code]]
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:81 [[IHT Residential Property Code]]
  
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:81 [[Pre-Owned Assets]]
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:82 [[Pre-Owned Assets]]
  
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:82 [[Pension Schemes and IHT]]
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:83 [[Pension Schemes and IHT]]
  
 
<span style="color:#000080">''Entities:''</span>
 
<span style="color:#000080">''Entities:''</span>
  
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:83 [[Partnerships]]
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:84 [[Partnerships]]
  
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:84 [[Partnership Income: Attribution]]
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:85 [[Partnership Income: Attribution]]
  
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:85 [[Settlement, Bare Trust, and Associated Terminology]]
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:86 [[Settlement, Bare Trust, and Associated Terminology]]
  
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:86 [[Estates of Deceased Persons: CGT]]
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:87 [[Estates of Deceased Persons: CGT]]
  
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:87 [[Estates of Deceased Persons: Income Tax]]
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:88 [[Estates of Deceased Persons: Income Tax]]
  
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:88 [[Foreign Entities]]
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:89 [[Foreign Entities]]
  
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:89 [[Hybrid Entities]]
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:90 [[Hybrid Entities]]
  
 
<span style="color:#000080">''Topics Affecting More Than One Tax:''</span>
 
<span style="color:#000080">''Topics Affecting More Than One Tax:''</span>
  
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:90 [[Protected Trusts]]
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:91 [[Protected Trusts]]
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:91  [[Non-Dom/Non-Resident Spouse]]
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:92  [[Joint Accounts]]
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:92  [[Non-Dom/Non-Resident Spouse]]
  
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:93  [[Foreign Currency Issues]]
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:93  [[Joint Accounts]]
  
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:93A [[Cryptoassets]]
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:94  [[Foreign Currency Issues]]
  
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:94  [[Unremittable Assets]]
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:95 [[Cryptoassets]]
  
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:95 [[ATED and SDLT]]
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:96 [[Unremittable Assets]]
  
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:96 [[Who is the Settlor?]]
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:97 [[ATED and SDLT]]
  
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:97 [[Multiple Settlors]]
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:98 [[Who is the Settlor?]]
  
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:98 [[Statutory Tax Indemnities]]
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:99 [[Multiple Settlors]]
  
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:99 [[Situs of Assets for IHT]]
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:100 [[Statutory Tax Indemnities]]
  
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:100 [[Situs of Assets for CGT]]
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:101  [[Situs of Assets for IHT]]
  
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:101 [[Control Connected Close and Related Expressions]]
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:102 [[Situs of Assets for CGT]]
  
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:102 [[Participation & % Investment Tests]]
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:103 [[Control Connected Close and Related Expressions]]
  
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:103 [[Permanent Establishment and Branch/Agency]]
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:104 [[Participation & % Investment Tests]]
  
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:104 [[Post-Brexit EU Law]]
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:105 [[Permanent Establishment and Branch/Agency]]
  
 
<span style="color:#000080">''Double Taxation Agreements IT/CGT:''</span>
 
<span style="color:#000080">''Double Taxation Agreements IT/CGT:''</span>
  
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:105 [[Double Taxation Arrangements: Introduction]]
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:106 [[Double Taxation Arrangements: Introduction]]
  
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:106 [[DTA Anti-abuse Rules]]
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:107 [[DTA Anti-abuse Rules]]
  
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:107 [[Limitation on Benefits]]
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:108 [[Limitation on Benefits]]
  
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:108 [[Credit for Foreign Tax]]
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:109 [[Credit for Foreign Tax]]
  
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:109 [[Non-discrimination]]
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:110 [[Non-discrimination]]
  
 
<span style="color:#000080">''Double Taxation Agreements: IHT:''</span>
 
<span style="color:#000080">''Double Taxation Agreements: IHT:''</span>
  
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:110 [[IHT Double Taxation Treaties: Introduction]]
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:111 [[IHT Double Taxation Treaties: Introduction]]
  
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:111 [[IHT DTAs: India, Pakistan, Italy, France]]
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:112 [[IHT DTAs: India, Pakistan, Italy, France]]
  
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:112 [[IHT DTA: Netherlands]]
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:113 [[IHT DTA: Netherlands]]
  
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:113 [[IHT DTA: South Africa]]
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:114 [[IHT DTA: South Africa]]
  
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:114 [[IHT DTA: Switzerland]]
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:115 [[IHT DTA: Switzerland]]
  
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:115 [[IHT DTA: USA]]
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:116 [[IHT DTA: USA]]
  
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:116 [[Credit for Foreign IHT]]
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:117 [[Credit for Foreign IHT]]
  
 
<span style="color:#000080">''Administration:''</span>
 
<span style="color:#000080">''Administration:''</span>
  
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:117 [[Reporting and Compliance]]
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:118 [[Reporting and Compliance]]
  
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:118 [[Tax Return Filing Position]]
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:119 [[Tax Return Filing Position]]
  
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:119 [[Claims]]
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:120 [[Claims]]
  
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:120 [[Collection of Tax from UK Representatives]]
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:121 [[Collection of Tax from UK Representatives]]
  
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:121 [[Reporting and Compliance: IHT]]
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:122 [[Reporting and Compliance: IHT]]
  
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:122 [[Penalties]]
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:123 [[Penalties]]
  
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:123 [[Failure to Prevent Tax Evasion]]
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:124 [[Failure to Prevent Tax Evasion]]
  
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:124 [[Common Reporting Standard]]
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:125 [[Common Reporting Standard]]
  
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:125 [[Trust Registration (TRS)]]
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:126 [[Trust Registration (TRS)]]
  
 
:127 [[Customer Due Diligence]]
 
:127 [[Customer Due Diligence]]
  
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:126 [[Reporting Offshore Trusts]]  
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:128 [[Reporting Offshore Trusts]]  
  
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:127 [[International Movement of Capital: Reports]]
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:129 [[International Movement of Capital: Reports]]
  
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:128 [[Money Laundering]]
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:130 [[Money Laundering]]
  
  

Revision as of 06:02, 5 April 2023

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

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 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 Offshore Income Gains
67 Income from Offshore Funds
68 Unit Trusts
69 Life Policies and Contracts
70 Intermediated Securities
71 Investment Manager Exemptions
72 Investment Management Fees & Carried Interest

Inheritance Tax:

73 IHT Terms and Concepts
74 Excluded Property: Definition
75 Excluded Property Exemptions
76 Wills and IOVs
77 Reservation of Benefit
78 Inter-Trust Transfers: IHT
79 IHT Deduction for Debts
80 IHT Close-Company Code
81 IHT Residential Property Code
82 Pre-Owned Assets
83 Pension Schemes and IHT

Entities:

84 Partnerships
85 Partnership Income: Attribution
86 Settlement, Bare Trust, and Associated Terminology
87 Estates of Deceased Persons: CGT
88 Estates of Deceased Persons: Income Tax
89 Foreign Entities
90 Hybrid Entities

Topics Affecting More Than One Tax:

91 Protected Trusts
92 Non-Dom/Non-Resident Spouse
93 Joint Accounts
94 Foreign Currency Issues
95 Cryptoassets
96 Unremittable Assets
97 ATED and SDLT
98 Who is the Settlor?
99 Multiple Settlors
100 Statutory Tax Indemnities
101 Situs of Assets for IHT
102 Situs of Assets for CGT
103 Control Connected Close and Related Expressions
104 Participation & % Investment Tests
105 Permanent Establishment and Branch/Agency

Double Taxation Agreements IT/CGT:

106 Double Taxation Arrangements: Introduction
107 DTA Anti-abuse Rules
108 Limitation on Benefits
109 Credit for Foreign Tax
110 Non-discrimination

Double Taxation Agreements: IHT:

111 IHT Double Taxation Treaties: Introduction
112 IHT DTAs: India, Pakistan, Italy, France
113 IHT DTA: Netherlands
114 IHT DTA: South Africa
115 IHT DTA: Switzerland
116 IHT DTA: USA
117 Credit for Foreign IHT

Administration:

118 Reporting and Compliance
119 Tax Return Filing Position
120 Claims
121 Collection of Tax from UK Representatives
122 Reporting and Compliance: IHT
123 Penalties
124 Failure to Prevent Tax Evasion
125 Common Reporting Standard
126 Trust Registration (TRS)
127 Customer Due Diligence
128 Reporting Offshore Trusts
129 International Movement of Capital: Reports
130 Money Laundering


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 Offshore Fund/CIS/OEIC
Appendix 8 What Do We Mean by "Real"

Construction of Statutes:

Appendix 9 Deeming Provisions
Appendix 10 Purpose of Statute

Special Taxpayers:

Appendix 11 Parliamentarians
Appendix 12 Visiting Forces
Appendix 13 Students and Teachers

Tax Reform:

Appendix 14 How to Improve Residence and Domicile Taxation
Appendix 15 Reform of Offshore Anti-avoidance Law
Appendix 16 The Wisdom of Parliament



2022/23 edition

The 2022/23 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 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.

Note: You may need to input your current log-in name and password to access the archive editions, even if you are already logged in to the site for the current online edition.

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

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