Difference between revisions of "Main Page"

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:39  [[Profit Fragmentation]]
 
:39  [[Profit Fragmentation]]
  
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:NEW [[Transfer of Income Streams]]
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:40  [[Transfer of Income Streams]]
  
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:40 [[Life Policies and Contracts]]
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:41 [[Life Policies and Contracts]]
  
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:41 [[Offshore Funds: Definition]]
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:42 [[Offshore Funds: Definition]]
  
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:42 [[Offshore Income Gains]]
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:43 [[Offshore Income Gains]]
  
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:43 [[Income from Offshore Funds]]
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:44 [[Income from Offshore Funds]]
  
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:44 [[Accrued Income Profits]]
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:45 [[Accrued Income Profits]]
  
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:45 [[Deeply Discounted Securities]]
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:46 [[Deeply Discounted Securities]]
  
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:46 [[Unit Trusts]]
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:47 [[Unit Trusts]]
  
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:47 [[Intermediated Securities]]
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:48 [[Intermediated Securities]]
  
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:48 [[Partnerships]]
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:49 [[Partnerships]]
  
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:49 [[Non-Resident Income Tax Relief]]
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:50 [[Non-Resident Income Tax Relief]]
  
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:50 [[Collection of Tax from UK Representatives]]
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:51 [[Collection of Tax from UK Representatives]]
  
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:51 [[Investment Manager Exemptions]]
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:52 [[Investment Manager Exemptions]]
  
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:52 [[Investment Management Fees & Carried Interest]]
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:53 [[Investment Management Fees & Carried Interest]]
  
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:53 [[Loans from Non-Resident Companies]]
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:54 [[Loans from Non-Resident Companies]]
  
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:54 [[Transactions in Securities]]
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:55 [[Transactions in Securities]]
  
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:55 [[Rates of Income Tax/CGT]]
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:56 [[Rates of Income Tax/CGT]]
  
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:56 [[Personal Allowances]]
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:57 [[Personal Allowances]]
  
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:57 [[National Insurance Contributions]]
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:58 [[National Insurance Contributions]]
  
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:58 [[Chargeable Gains]]
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:59 [[Chargeable Gains]]
  
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:59 [[UK Property Held by Non-Residents]]
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:60 [[UK Property Held by Non-Residents]]
  
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:60 [[Private Residence Relief]]
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:61 [[Private Residence Relief]]
  
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:61 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
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:62 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
  
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:62 [[Capital Payments from Non-Resident Trusts: s.87]]
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:63 [[Capital Payments from Non-Resident Trusts: s.87]]
  
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:63 [[Borrowing by Non-Resident Trust: Sch 4B]]
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:64 [[Borrowing by Non-Resident Trust: Sch 4B]]
  
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:64 [[Protected Trusts]]
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:65 [[Protected Trusts]]
  
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:65 [[Sub-Funds]]
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:66 [[Sub-Funds]]
  
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:66 [[Gains of Non-Resident Companies]]
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:67 [[Gains of Non-Resident Companies]]
  
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:67 [[Capital Losses]]
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:68 [[Capital Losses]]
  
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:68 [[Foreign Currency Issues]]
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:69 [[Foreign Currency Issues]]
  
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:69 [[Unremittable Assets]]
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:70 [[Unremittable Assets]]
  
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:70 [[Double Taxation Arrangements: Introduction]]
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:71 [[Double Taxation Arrangements: Introduction]]
  
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:71 [[DTA Anti-abuse Rules]]
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:72 [[DTA Anti-abuse Rules]]
  
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:72  [[Foreign Tax Credit Relief]]
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:73 [[Limitation on Benefits]]
  
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:73 [[EU Law and UK Taxation]]
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:74 [[Foreign Tax Credit Relief]]
  
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:74 [[Excluded Property: Definition]]
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:75 [[EU Law and UK Taxation]]
  
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:75 [[Excluded Property Exemptions]]
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:76 [[Excluded Property: Definition]]
  
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:76 [[Wills and IOVs]]
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:77 [[Excluded Property Exemptions]]
  
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:77 [[Reservation of Benefit]]
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:78 [[Wills and IOVs]]
  
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:78 [[Inter-Trust Transfers: IHT]]
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:79 [[Reservation of Benefit]]
  
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:79 [[IHT Deduction for Debts]]
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:80 [[Inter-Trust Transfers: IHT]]
  
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:NEW [[IHT Close-Company Code]]
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:81  [[IHT Deduction for Debts]]
  
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:80 [[IHT Double Taxation Treaties: Introduction]]
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:82 [[IHT Close-Company Code]]
  
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:81 [[IHT DTAs: India, Pakistan, Italy, France]]
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:83 [[IHT Double Taxation Treaties: Introduction]]
  
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:82 [[IHT DTA: Netherlands]]
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:84 [[IHT DTAs: India, Pakistan, Italy, France]]
  
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:83 [[IHT DTA: Switzerland]]
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:85  [[IHT DTA: Netherlands]]
  
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:84  [[IHT DTA: USA]]
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:86 [[IHT DTA: South Africa]]
  
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:85  [[Foreign IHT Credit Relief]]
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:87 [[IHT DTA: Switzerland]]
  
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:86 [[Non-Dom/Non-Resident Spouse]]
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:88 [[IHT DTA: USA]]
  
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:87 [[Family Home and Chattels: Benefit in Kind Charges]]
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:89 [[Foreign IHT Credit Relief]]
  
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:88 [[IHT Residential Property Code]]
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:90 [[IHT Residential Property Code]]
  
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:89 [[Pre-Owned Assets]]
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:91 [[Family Home and Chattels: Benefit in Kind Charges]]
  
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:90 [[Joint Accounts]]
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:92 [[Pre-Owned Assets]]
  
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:91 [[ATED Taxes]]
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:93 [[Non-Dom/Non-Resident Spouse]]
  
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:92 [[Estates of Deceased Persons: CGT]]
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:94 [[Joint Accounts]]
  
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:93 [[Estates of Deceased Persons: Income Tax]]
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:95 [[ATED Taxes]]
  
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:94 [[Who is the Settlor?]]
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:96 [[Estates of Deceased Persons: CGT]]
  
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:95 [[Trusts with Two or More Settlors]]
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:97 [[Estates of Deceased Persons: Income Tax]]
  
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:96 [[Situs of Assets for IHT]]
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:98 [[Who is the Settlor?]]
  
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:97 [[Situs of Assets for CGT]]
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:99 [[Trusts with Two or More Settlors]]
  
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:98  [[Foreign Entities]]
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:100 [[Situs of Assets for IHT]]
  
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:99  [[Hybrid Entities]]
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:101 [[Situs of Assets for CGT]]
  
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:100  [[Control Connected Close and Related Expressions]]
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:102 [[Foreign Entities]]
  
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:101  [[Permanent Establishment and Branch/Agency]]
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:103 [[Hybrid Entities]]
  
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:102  [[Reporting and Compliance]]
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:104 [[Control Connected Close and Related Expressions]]
  
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:103  [[Claims]]
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:105 [[Permanent Establishment and Branch/Agency]]
  
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:104  [[Reporting and compliance: IHT]]
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:106 [[Reporting and Compliance]]
  
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:105 [[Reporting Beneficial Owners]]
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:107 [[Claims]]
  
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:106 [[Disclosure of Offshore Trusts]]  
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:108 [[Reporting and compliance: IHT]]
  
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:107 [[Requirement to Correct]]
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:109[[Reporting Beneficial Owners]]
  
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:108 [[Money Laundering]]
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:110[[Reporting Offshore Trusts]]  
  
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:111 [[Requirement to Correct]]
  
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:112 [[Criminal Law and Professional Conduct]]
  
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<big>'''Appendices'''</big>
 
  
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:[[Appendix 1: Words of Dispute]]
 
  
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:[[Appendix 2: Common Legal Expressions]]
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<big>'''Appendices'''</big>
  
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:[[Appendix 3: Family Terminology]]  
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:[[Appendix 1 Words of Dispute]]
  
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:[[Appendix 4: Consideration, Arm's Length/Full Value]]
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:[[Appendix 2 Common Legal Expressions]]  
  
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:[[App New:    Commercial/View to Profit]]
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:[[Appendix 3 Family Terminology]]  
  
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:[[Appendix 5: Associated Operations: IHT]]
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:[[Appendix 4 Consideration, Arm's Length/Full Value]]
  
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:[[Appendix 6: Deeming Provisions]]
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:[[Appendix 5  Commercial/View to Profit]]
  
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:[[App New:   Territorial Limits]]
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:[[Appendix 6 Associated Operations: IHT]]
  
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:[[Appendix 7: What Do We Mean by "Real"]]
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:[[Appendix 7 Deeming Provisions]]
  
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:[[Appendix 8: Parliamentarians]]
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:[[Appendix 8 The Territorial Principle]]
  
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:[[Appendix 9: Visiting Forces]]
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:[[Appendix 9 What Do We Mean by "Real"]]
  
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:[[Appendix 10: How to Improve Residence and Domicile Taxation]]
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:[[Appendix 10 Parliamentarians]]
  
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:[[Appendix 11: Reform of Offshore Anti-avoidance Rules]]
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:[[Appendix 11 Visiting Forces]]
  
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:[[Appendix 12: UK Arrival or Departure: Tax Checklist]]
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:[[Appendix 12 How to Improve Residence and Domicile Taxation]]
  
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:[[Appendix 13: The Wisdom of Parliament]]
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:[[Appendix 13 Reform of Offshore Anti-avoidance Rules]]
  
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:[[Appendix 14 UK Arrival or Departure: Tax Checklist]]
  
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:[[Appendix 15 The Wisdom of Parliament]]
  
 
</div>
 
</div>

Revision as of 05:15, 1 May 2020

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

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

THIS SITE IS CURRENTLY BEING UPDATED

Contents

Update

Introduction

1 Foreign Domicile: Tax Policy
2 Tax Avoidance
3 Domicile
4 Deemed Domicile
5 Residence of Individuals
6 Residence of Trustees
7 Treaty-Residence
8 Exit Taxes
9 Split Years: Arrival and Departure
10 Temporary Non-residence
11 Source/Relevant Foreign Income
12 The Remittance Basis
13 The Meaning of Remittance
14 Remittance Reliefs
15 Mixed Funds
16 Trading Income
17 Trading in Land
18 Performers
19 Property Income
20 Deduction of interest from Property Income
21 Interest Income
22 Exempt Interest of Non-Residents
23 Dividend Income
24 Royalty Income
25 Misc Sweep-Up Income
26 Employment Income
27 Travel Expenses: Employment Income
28 PAYE
29 Employment Income: DT Relief
30 Pension and Annuity Income
31 Discretionary Trusts: Income Tax
32 IIP Trusts: Income Tax
33 Settlor-interested Trust Code
34 Transfer of Assets Abroad: Introduction
35 Transfer of Assets Abroad: Transferors
36 Transfer of Assets Abroad: Benefits
37 Transfer of Assets Abroad: Relief from Overlapping Charges
38 Transfer of Assets Abroad: Motive Defence
39 Profit Fragmentation
40 Transfer of Income Streams
41 Life Policies and Contracts
42 Offshore Funds: Definition
43 Offshore Income Gains
44 Income from Offshore Funds
45 Accrued Income Profits
46 Deeply Discounted Securities
47 Unit Trusts
48 Intermediated Securities
49 Partnerships
50 Non-Resident Income Tax Relief
51 Collection of Tax from UK Representatives
52 Investment Manager Exemptions
53 Investment Management Fees & Carried Interest
54 Loans from Non-Resident Companies
55 Transactions in Securities
56 Rates of Income Tax/CGT
57 Personal Allowances
58 National Insurance Contributions
59 Chargeable Gains
60 UK Property Held by Non-Residents
61 Private Residence Relief
62 Gains of Non-Resident Settlor-Interested Trusts: s.86
63 Capital Payments from Non-Resident Trusts: s.87
64 Borrowing by Non-Resident Trust: Sch 4B
65 Protected Trusts
66 Sub-Funds
67 Gains of Non-Resident Companies
68 Capital Losses
69 Foreign Currency Issues
70 Unremittable Assets
71 Double Taxation Arrangements: Introduction
72 DTA Anti-abuse Rules
73 Limitation on Benefits
74 Foreign Tax Credit Relief
75 EU Law and UK Taxation
76 Excluded Property: Definition
77 Excluded Property Exemptions
78 Wills and IOVs
79 Reservation of Benefit
80 Inter-Trust Transfers: IHT
81 IHT Deduction for Debts
82 IHT Close-Company Code
83 IHT Double Taxation Treaties: Introduction
84 IHT DTAs: India, Pakistan, Italy, France
85 IHT DTA: Netherlands
86 IHT DTA: South Africa
87 IHT DTA: Switzerland
88 IHT DTA: USA
89 Foreign IHT Credit Relief
90 IHT Residential Property Code
91 Family Home and Chattels: Benefit in Kind Charges
92 Pre-Owned Assets
93 Non-Dom/Non-Resident Spouse
94 Joint Accounts
95 ATED Taxes
96 Estates of Deceased Persons: CGT
97 Estates of Deceased Persons: Income Tax
98 Who is the Settlor?
99 Trusts with Two or More Settlors
100 Situs of Assets for IHT
101 Situs of Assets for CGT
102 Foreign Entities
103 Hybrid Entities
104 Control Connected Close and Related Expressions
105 Permanent Establishment and Branch/Agency
106 Reporting and Compliance
107 Claims
108 Reporting and compliance: IHT
109Reporting Beneficial Owners
110Reporting Offshore Trusts
111 Requirement to Correct
112 Criminal Law and Professional Conduct


Appendices

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 Associated Operations: IHT
Appendix 7 Deeming Provisions
Appendix 8 The Territorial Principle
Appendix 9 What Do We Mean by "Real"
Appendix 10 Parliamentarians
Appendix 11 Visiting Forces
Appendix 12 How to Improve Residence and Domicile Taxation
Appendix 13 Reform of Offshore Anti-avoidance Rules
Appendix 14 UK Arrival or Departure: Tax Checklist
Appendix 15 The Wisdom of Parliament


New 2020/21 edition out soon

The 2020/21 online edition of Taxation of Non-residents and Foreign Domiciliaries will be published on 1 May 2020. This online edition will initially be based on the Finance Bill and updated in due course if the FB is amended.

The paper version of the book will be published as soon as possible after our printers re-open for business.

To maintain unbroken access to TFD online after 1 May, you will need to order an online licence. To obtain this, go to the publishers website or email [email protected]

Licences for the 2019/20 edition will not be valid from 1 May 2020.


How to login

Most of this site requires you to login. To obtain a login licence:

 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 email the publishers or go to the publishers' website.

 You may purchase a single or multiple user licence: To obtain these contact the publishers.

 Without logging in, you can access: Chap 1 Foreign Domicile: Tax Policy; Chap 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 with the password for the current edition. Registration for an earlier edition is not 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 Ross Birkbeck.

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 QC to advise. See How to instruct James Kessler QC.

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 QC click here

To contact Ross Birkbeck, 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 in technical terms a Wiki on the lines of Wikipedia, but only registered users can edit the text.

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