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# Taxation of UK residents on foreign income and assets  
 
# Taxation of UK residents on foreign income and assets  
  
It is the online version of [http://www.kessler.co.uk/taxation-of-foreign-domiciliaries/ ''Taxation of Non-Residents and Foreign Domiciliaries''] by [http://www.kessler.co.uk James Kessler QC].   
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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].   
  
 
<div style="float: left; width: 33%">
 
<div style="float: left; width: 33%">
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[[Update]]
 
[[Update]]
  
:[[Introduction]]
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[[Introduction]]
  
 
:1  [[Foreign Domicile: Tax Policy]]
 
:1  [[Foreign Domicile: Tax Policy]]
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:10  [[Temporary Non-residence]]
 
:10  [[Temporary Non-residence]]
  
:11 [[The Remittance Basis]]
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:11 [[Source/Relevant Foreign Income]]  
  
:12  [[The Meaning of Remittance]]
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:12  [[The Remittance Basis]]
  
:13  [[Remittance Reliefs]]
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:13  [[The Meaning of Remittance]]
  
:14  [[Mixed Funds]]
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:14  [[Remittance Reliefs]]
  
:15  [[Income Categories and Sources]]
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:15  [[Mixed Funds]]
  
 
:16  [[Trading Income]]
 
:16  [[Trading Income]]
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:17  [[Trading in Land]]
 
:17  [[Trading in Land]]
  
:18  [[Entertainers and Sportspeople]]
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:18  [[Performers]]
  
 
:19  [[Property Income]]
 
:19  [[Property Income]]
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:38  [[Transfer of Assets Abroad: Motive Defence]]
 
:38  [[Transfer of Assets Abroad: Motive Defence]]
  
:39  [[Life Policies and Contracts]]
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:39  [[Profit Fragmentation]]
  
:40  [[Offshore Funds: Definition]]
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:40  [[Life Policies and Contracts]]
  
:41  [[Offshore Income Gains]]
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:41  [[Offshore Funds: Definition]]
  
:42  [[Income from Offshore Funds]]
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:42  [[Offshore Income Gains]]
  
:43  [[Accrued Income Profits]]
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:43  [[Income from Offshore Funds]]
  
:44  [[Deeply Discounted Securities]]
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:44  [[Accrued Income Profits]]
  
:45  [[Unit Trusts]]
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:45  [[Deeply Discounted Securities]]
  
:46  [[Intermediated Securities]]
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:46  [[Unit Trusts]]
  
:47  [[Partnerships]]
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:47  [[Intermediated Securities]]
  
:48  [[Non-Residents Income Tax Relief]]
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:48  [[Partnerships]]
  
:49  [[Collection of Tax from UK Representatives]]
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:49  [[Non-Residents Income Tax Relief]]
  
:50  [[Investment Manager Exemptions]]
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:50  [[Collection of Tax from UK Representatives]]
  
:51  [[Investment Management Fees & Carried Interest]]
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:51  [[Investment Manager Exemptions]]
  
:52  [[Loans from Non-Resident Companies]]
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:52  [[Investment Management Fees & Carried Interest]]
  
:52A [[Transactions in Securities]]
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:53  [[Loans from Non-Resident Companies]]
  
:53  [[Rates of Tax]]
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:54 [[Transactions in Securities]]
  
:54 [[Personal Allowances]]
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:55 [[Rates of Income Tax/CGT]]
  
:55 [[National Insurance Contributions]]
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:56 [[Personal Allowances]]
  
:56 [[Gains of UK Residents]]
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:57 [[National Insurance Contributions]]
  
:57 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
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:58 [[Chargeable Gains]]
  
:58 [[Capital Payments from Non-Resident Trusts: s.87]]
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:59 [[UK Property Held by Non-Residents]]
  
:59 [[Borrowing by Non-resident Trust: Sch 4B]]
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:60 [[Private Residence Relief]]
  
:60 [[Protected Trust Reliefs]]
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:61 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
  
:61 [[Sub-Funds]]
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:62 [[Capital Payments from Non-Resident Trusts: s.87]]
  
:62 [[Gains of Non-Resident Companies]]
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:63 [[Borrowing by Non-Resident Trust: Sch 4B]]
  
:63 [[Capital Losses]]
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:64 [[Protected Trusts]]
  
:64 [[Foreign Currency Issues]]
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:65 [[Sub-Funds]]
  
:65 [[Unremittable Assets]]
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:66 [[Gains of Non-Resident Companies]]
  
:66 [[Double Taxation Arrangements: Introduction]]
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:67 [[Capital Losses]]
  
:67 [[DTA Anti-abuse Rules]]
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:68 [[Foreign Currency Issues]]
  
:68 [[Foreign Tax Credit Relief]]
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:69 [[Unremittable Assets]]
  
:69 [[EU Law and UK Taxation]]
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:70 [[Double Taxation Arrangements: Introduction]]
  
:70 [[Excluded Property: Definition]]
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:71 [[DTA Anti-abuse Rules]]
  
:71 [[Excluded Property Exemptions]]
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:72 [[Foreign Tax Credit Relief]]
  
:72 [[Wills and IOVs]]
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:73 [[EU Law and UK Taxation]]
  
:73 [[Reservation of Benefit]]
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:74 [[Excluded Property: Definition]]
  
:74 [[Inter-Trust Transfers: IHT]]
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:75 [[Excluded Property Exemptions]]
  
:75 [[IHT Deduction for Debts]]
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:76 [[Wills and IOVs]]
  
:76 [[IHT Double Taxation Treaties: Introduction]]
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:77 [[Reservation of Benefit]]
  
:77 [[IHT DTAs: India, Pakistan, Italy, France]]
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:78 [[Inter-Trust Transfers: IHT]]
  
:78 [[IHT DTA: USA]]
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:79 [[IHT Deduction for Debts]]
  
:79 [[IHT DTA: Switzerland]]
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:80 [[IHT Double Taxation Treaties: Introduction]]
  
:80 [[IHT DTA: Netherlands]]
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:81 [[IHT DTAs: India, Pakistan, Italy, France]]
  
:81 [[Foreign IHT Credit Relief]]
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:82 [[IHT DTA: Netherlands]]
  
:82  [[Non-dom/Non-resident Spouse]]
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:83 [[IHT DTA: Switzerland]]
  
:83 [[Private Residence Relief]]
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:84 [[IHT DTA: USA]]
  
:84 [[Residential Property of Non-Residents: NRCGT]]
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:85 [[Foreign IHT Credit Relief]]
  
:85 [[Family Home and Chattels: Benefit in Kind Charges]]
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:86 [[Non-Dom/Non-Resident Spouse]]
  
:86 [[ATED Taxes]]
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:87 [[Family Home and Chattels: Benefit in Kind Charges]]
  
:87 [[Residential property: IHT]]
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:88 [[IHT Residential Property Code]]
  
:88 [[Pre-Owned Assets]]
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:89 [[Pre-Owned Assets]]
  
:89 [[Joint Accounts]]
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:90 [[Joint Accounts]]
  
:90 [[Estates of Deceased Persons: CGT]]
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:91 [[ATED Taxes]]
  
:91 [[Estates of Deceased Persons: Income Tax]]
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:92 [[Estates of Deceased Persons: CGT]]
  
:92 [[Who is the Settlor?]]
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:93 [[Estates of Deceased Persons: Income Tax]]
  
:93 [[Trusts with Two or More Settlors]]
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:94 [[Who is the Settlor?]]
  
:94 [[Situs of Assets for IHT]]
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:95 [[Trusts with Two or More Settlors]]
  
:95 [[Situs of Assets for CGT]]
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:96 [[Situs of Assets for IHT]]
  
:96 [[Foreign Entities]]
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:97 [[Situs of Assets for CGT]]
  
:97 [[Hybrid Entities]]
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:98 [[Foreign Entities]]
  
:98 [[Control Connected Close and Related Expressions]]
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:99 [[Hybrid Entities]]
  
:99 [[Permanent Establishment and Branch/Agency]]
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:100 [[Control Connected Close and Related Expressions]]
  
:100 [[Disclosure and Compliance]]
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:101 [[Permanent Establishment and Branch/Agency]]
  
:101 [[Disclosure on Death ]]
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:102 [[Reporting and Compliance]]
  
:102 [[Disclosure of Offshore Trusts]]
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:103  [[Claims]]
  
:NEW [[Requirement to Correct]]
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:104  [[Reporting and compliance: IHT]]
  
:103  [[Criminal Law and Professional Conduct]]
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:105 [[Reporting Beneficial Owners]]
  
 +
:106 [[Disclosure of Offshore Trusts]]
  
 +
:107 [[Requirement to Correct]]
  
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:108 [[Criminal Law and Professional Conduct]]
  
:[[Appendix 1: Common Expressions]] Part 1
 
  
:[[Appendix 1: Family Terminology]] Part 2
 
  
:[[Appendix 2: Consideration, Arm's Length/Full Value]]
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<big>'''Appendices'''</big>
  
:[[Appendix 3: Associated Operations: IHT]]
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:[[Appendix 1A: Words of Dispute]]
  
:[[Appendix 4: Construction of Deeming Provisions]]
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:[[Appendix 1: Common Legal Expressions]]  
  
:[[Appendix 5: What Do We Mean by "Real"?]]
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:[[Appendix 2: Family Terminology]]  
  
:[[Appendix 6: Parliamentarians]]
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:[[Appendix 3: Consideration, Arm's Length/Full Value]]
  
:[[Appendix 7: Visiting Forces]]
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:[[Appendix 4: Associated Operations: IHT]]
  
:[[Appendix 8: How to Improve Residence and Domicile Taxation]]
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:[[Appendix 5: Deeming Provisions]]
  
:[[Appendix 9: Reform of Offshore Anti-avoidance Rules]]
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:[[Appendix 6: What Do We Mean by "Real"]]
  
:[[Appendix 10: UK Arrival or Departure: Tax Checklist]]
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:[[Appendix 7: Parliamentarians]]
  
:[[Appendix 11: Welsh Devolution]]
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:[[Appendix 8: Visiting Forces]]
 +
 
 +
:[[Appendix 9: How to Improve Residence and Domicile Taxation]]
 +
 
 +
:[[Appendix 10: Reform of Offshore Anti-avoidance Rules]]
 +
 
 +
:[[Appendix 11: UK Arrival or Departure: Tax Checklist]]
  
 
:[[Appendix 12: The Wisdom of Parliament]]
 
:[[Appendix 12: The Wisdom of Parliament]]
  
</div>
 
  
  
<big>'''New 2018/19 edition now out'''</big>
+
</div>
 +
 
  
The new 2018/19 edition of the book is now out.
+
<big>'''New 2019/20 edition now out'''</big>
  
The update of the online text to the text of the 2018/19 edition of the book is virtually complete.
+
The 2019/20 printed edition of ''Taxation of Non-residents and Foreign Domiciliaries'' is now out. The online edition contains the text of the that edition with some subsequent [[Update | updates]].
  
To order copies of the new edition, and online licences for 2018/19 [mailto:aw@khpplc.co.uk?Subject=TFD%20enquiry email the publishers] or [http://khpplc.co.uk/ go to the publishers' website].
+
To maintain unbroken access to TFD online you will need to order an online licence. To obtain this, go to
 +
[https://www.khpplc.co.uk/ the publishers website]
  
There is a special arrangement for holders of licences for the 2017/18 edition.  The useful life of the 2017 licence was cut short, because the new Finance Bill timetable brought this year's Finance Bill forward from July to March.  Accordingly holders of 2017/18 licences qualify for a discount when purchasing licences for the 2018/19 edition of TFD online.  The discount is 50% of the cost of the 2017/18 licences.
+
Licences for the old (2018/19) edition are no longer valid.
  
Once the updating to 2018/19 online edition is complete, holders of old (2017/18) licences will still have online access to the 2017/18 text of TFD, until the end of August. But they will not have access to the 2018/19 edition.  For that you will need a new 2018/19 licence.
 
  
 
<big>'''How to login'''</big>
 
<big>'''How to login'''</big>
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Most of this site requires you [[Special:Userlogin|to login]].  To obtain a login licence:
 
Most of this site requires you [[Special:Userlogin|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)
+
    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].
  
 
    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].
 
    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: chap 1 [[Foreign Domicile: Tax Policy]]; chap 2 [[Tax Avoidance]].
+
    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 [[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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<big>'''Comments please'''</big>
 
<big>'''Comments please'''</big>
  
Users can also [[contribute to the text]] and if you can add anything extra which is worth saying, or spot anything that needs to be corrected, please do!. A copy of the next edition of the book will be given to the user who makes the most edits.  User contributions are reviewed by [http://www.taxchambers.com/barrister/maryashley/ Mary Ashley].   
+
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].   
  
 
<big>'''If you want further advice'''</big>
 
<big>'''If you want further advice'''</big>
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To contact James Kessler QC [mailto:[email protected]?Subject=TFD%20online click here]
 
To contact James Kessler QC [mailto:[email protected]?Subject=TFD%20online click here]
  
To contact Mary Ashley, who reviews online contributions, [mailto:MaryAshley@15oldsquare.co.uk?Subject=TFD%20contact%20moderator%20request click here]
+
To contact Ross Birkbeck, who reviews online contributions, [mailto:rossbirkbeck@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].

Revision as of 11:24, 24 May 2019

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.

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 Life Policies and Contracts
41 Offshore Funds: Definition
42 Offshore Income Gains
43 Income from Offshore Funds
44 Accrued Income Profits
45 Deeply Discounted Securities
46 Unit Trusts
47 Intermediated Securities
48 Partnerships
49 Non-Residents Income Tax Relief
50 Collection of Tax from UK Representatives
51 Investment Manager Exemptions
52 Investment Management Fees & Carried Interest
53 Loans from Non-Resident Companies
54 Transactions in Securities
55 Rates of Income Tax/CGT
56 Personal Allowances
57 National Insurance Contributions
58 Chargeable Gains
59 UK Property Held by Non-Residents
60 Private Residence Relief
61 Gains of Non-Resident Settlor-Interested Trusts: s.86
62 Capital Payments from Non-Resident Trusts: s.87
63 Borrowing by Non-Resident Trust: Sch 4B
64 Protected Trusts
65 Sub-Funds
66 Gains of Non-Resident Companies
67 Capital Losses
68 Foreign Currency Issues
69 Unremittable Assets
70 Double Taxation Arrangements: Introduction
71 DTA Anti-abuse Rules
72 Foreign Tax Credit Relief
73 EU Law and UK Taxation
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 Double Taxation Treaties: Introduction
81 IHT DTAs: India, Pakistan, Italy, France
82 IHT DTA: Netherlands
83 IHT DTA: Switzerland
84 IHT DTA: USA
85 Foreign IHT Credit Relief
86 Non-Dom/Non-Resident Spouse
87 Family Home and Chattels: Benefit in Kind Charges
88 IHT Residential Property Code
89 Pre-Owned Assets
90 Joint Accounts
91 ATED Taxes
92 Estates of Deceased Persons: CGT
93 Estates of Deceased Persons: Income Tax
94 Who is the Settlor?
95 Trusts with Two or More Settlors
96 Situs of Assets for IHT
97 Situs of Assets for CGT
98 Foreign Entities
99 Hybrid Entities
100 Control Connected Close and Related Expressions
101 Permanent Establishment and Branch/Agency
102 Reporting and Compliance
103 Claims
104 Reporting and compliance: IHT
105 Reporting Beneficial Owners
106 Disclosure of Offshore Trusts
107 Requirement to Correct
108 Criminal Law and Professional Conduct


Appendices

Appendix 1A: Words of Dispute
Appendix 1: Common Legal Expressions
Appendix 2: Family Terminology
Appendix 3: Consideration, Arm's Length/Full Value
Appendix 4: Associated Operations: IHT
Appendix 5: Deeming Provisions
Appendix 6: What Do We Mean by "Real"
Appendix 7: Parliamentarians
Appendix 8: Visiting Forces
Appendix 9: How to Improve Residence and Domicile Taxation
Appendix 10: Reform of Offshore Anti-avoidance Rules
Appendix 11: UK Arrival or Departure: Tax Checklist
Appendix 12: The Wisdom of Parliament



New 2019/20 edition now out

The 2019/20 printed edition of Taxation of Non-residents and Foreign Domiciliaries is now out. The online edition contains the text of the that edition with some subsequent updates.

To maintain unbroken access to TFD online you will need to order an online licence. To obtain this, go to the publishers website

Licences for the old (2018/19) edition are no longer valid.


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 occasionally be useful to investigate the tax position in earlier years, but the current edition will generally be the best starting point, as that has been written in the light of current HMRC guidance, and further thought and research.

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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