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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].   
+
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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[[Introduction]]
 
[[Introduction]]
  
:1  [[Foreign Domicile: Tax Policy and Reforms]]
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:1  [[Foreign Domicile: Tax Policy]]
  
:2  [[Tax Avoidance: Public Debate]]
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:2  [[Tax Avoidance]]
  
 
:3  [[Domicile]]  
 
:3  [[Domicile]]  
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:9  [[Split Years: Arrival and Departure]]
 
:9  [[Split Years: Arrival and Departure]]
  
:10  [[Temporary Non-residence: Post-2013 Departures]]
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:10  [[Temporary Non-residence]]
  
:10A  [[Temporary Non-residence: Pre-2013 Departures]]
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:11 [[Source/Relevant Foreign Income]]  
  
:11 [[The Remittance Basis]]
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:12 [[The Remittance Basis]]
  
:12 [[The Meaning of Remittance]]
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:13 [[The Meaning of Remittance]]
  
:13 [[Remittance Reliefs]]
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:14 [[Remittance Reliefs]]
  
:14 [[Mixed Funds]]
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:15 [[Mixed Funds]]
 
+
:15  [[Income Categories and Sources]]
+
  
 
: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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:26  [[Employment Income]]
 
:26  [[Employment Income]]
  
:27  [[Travel Expenses: Employment Income Deduction]]
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:27  [[Travel Expenses: Employment Income]]
  
 
:28  [[PAYE]]
 
:28  [[PAYE]]
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:32  [[IIP Trusts: Income Tax]]
 
:32  [[IIP Trusts: Income Tax]]
  
:33  [[Settlor-interested Trusts]]
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:33  [[Settlor-interested Trust Code]]
  
 
:34  [[Transfer of Assets Abroad: Introduction]]
 
:34  [[Transfer of Assets Abroad: Introduction]]
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:35  [[Transfer of Assets Abroad: Transferors]]
 
:35  [[Transfer of Assets Abroad: Transferors]]
  
:36  [[Transfer of Assets Abroad: Non-transferors]]
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:36  [[Transfer of Assets Abroad: Benefits]]
  
 
:37  [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
 
:37  [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
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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 [[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]]
  
:40 [[Offshore Funds: Definition]]
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:48 [[Partnerships]]
  
:41 [[Offshore Income Gains]]
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:49 [[Non-Residents Income Tax Relief]]
  
:42 [[Income from Offshore Funds]]
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:50 [[Collection of Tax from UK Representatives]]
  
:43 [[Accrued Income Profits]]
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:51 [[Investment Manager Exemptions]]
  
:44 [[Deeply Discounted Securities]]
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:52 [[Investment Management Fees & Carried Interest]]
  
:45 [[Unit Trusts]]
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:53 [[Loans from Non-Resident Companies]]
  
:46  [[Intermediated Securities]]
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:54 [[Transactions in Securities]]
  
:47 [[Partnerships]]
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:55 [[Rates of Income Tax/CGT]]
  
:48 [[Non-Residents Income Tax Relief]]
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:56 [[Personal Allowances]]
  
:49 [[Collection of Tax from UK Representatives]]
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:57 [[National Insurance Contributions]]
  
:50 [[Investment Manager Exemptions]]
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:58 [[Chargeable Gains]]
  
:51 [[Investment Management Fees & Carried Forward]]
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:59 [[UK Property Held by Non-Residents]]
  
:52 [[Loans from Non-Resident Companies]]
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:60 [[Private Residence Relief]]
  
:53 [[Rates of Tax]]
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:61 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
  
:54 [[Personal Allowances and Annual Exemptions]]
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:62 [[Capital Payments from Non-Resident Trusts: s.87]]
  
:55 [[National Insurance Contributions]]
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:63 [[Borrowing by Non-Resident Trust: Sch 4B]]
  
:56 [[Gains of UK Residents]]
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:64 [[Protected Trusts]]
  
:57 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
+
:65 [[Sub-Funds]]
  
:58 [[Capital Payments from Non-Resident Trusts: s.87]]
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:66 [[Gains of Non-Resident Companies]]
  
:59 [[Borrowing by Non-resident Trust: Sch 4B]]
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:67 [[Capital Losses]]
  
:60 [[Protected Trusts]]
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:68 [[Foreign Currency Issues]]
  
:61 [[Sub-Funds]]
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:69 [[Unremittable Assets]]
  
:62 [[Gains of Non-Resident Companies]]
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:70 [[Double Taxation Arrangements: Introduction]]
  
:63 [[Capital Losses]]
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:71 [[DTA Anti-abuse Rules]]
  
:64 [[Foreign Currency Issues]]
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:72 [[Foreign Tax Credit Relief]]
  
:65 [[Unremittable Assets]]
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:73 [[EU Law and UK Taxation]]
  
:66 [[Double Taxation Arrangements: Introduction]]
+
:74 [[Excluded Property: Definition]]
  
:67 [[DTA Anti-abuse Rules]]
+
:75 [[Excluded Property Exemptions]]
  
:68 [[Foreign Tax Credit Relief]]
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:76 [[Wills and IOVs]]
  
:69 [[EU Law and UK Taxation]]
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:77 [[Reservation of Benefit]]
  
:70 [[Excluded Property: Definition]]
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:78 [[Inter-Trust Transfers: IHT]]
  
:71 [[Excluded Property Exemptions]]
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:79 [[IHT Deduction for Debts]]
  
:72 [[Wills and IOVs]]
+
:80 [[IHT Double Taxation Treaties: Introduction]]
  
:73 [[Reservation of Benefit]]
+
:81 [[IHT DTAs: India, Pakistan, Italy, France]]
  
:74 [[Inter-Trust Transfers: IHT]]
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:82 [[IHT DTA: Netherlands]]
  
:75  [[IHT Deduction for Debts]]
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:83 [[IHT DTA: Switzerland]]
  
:76 [[IHT Double Taxation Treaties - Introduction]]
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:84 [[IHT DTA: USA]]
  
:77 [[IHT DTAs: India, Pakistan, Italy, France]]
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:85 [[Foreign IHT Credit Relief]]
  
:78 [[IHT DTA: USA]]
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:86 [[Non-Dom/Non-Resident Spouse]]
  
:79 [[IHT DTA: Switzerland]]
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:87 [[Family Home and Chattels: Benefit in Kind Charges]]
  
:80 [[IHT DTA: Netherlands]]
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:88 [[IHT Residential Property Code]]
  
:81 [[Foreign IHT Credit Relief]]
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:89 [[Pre-Owned Assets]]
  
:82 [[Marriage to Non-dom or Non-resident]]
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:90 [[Joint Accounts]]
  
:83 [[Private Residence Relief]]
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:91 [[ATED Taxes]]
  
:84 [[Residential Property of Non-Residents: NRCGT]]
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:92 [[Estates of Deceased Persons: CGT]]
  
:85 [[Family Home and Chattels: Benefit in Kind Charges]]
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:93 [[Estates of Deceased Persons: Income Tax]]
  
:86 [[Corporate Residential Property]]
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:94 [[Who is the Settlor?]]
  
:87 [[Residential property: IHT]]
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:95 [[Trusts with Two or More Settlors]]
  
:88 [[Pre-Owned Assets]]
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:96 [[Situs of Assets for IHT]]
  
:89 [[Joint Accounts]]
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:97 [[Situs of Assets for CGT]]
  
:90 [[Estates of Deceased Persons: CGT]]
+
:98 [[Foreign Entities]]
  
:91 [[Estates of Deceased Persons: Income Tax]]
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:99 [[Hybrid Entities]]
  
:92 [[Who is the Settlor?]]
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:100 [[Control Connected Close and Related Expressions]]
  
:93 [[Trusts with Two or More Settlors]]
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:101 [[Permanent Establishment and Branch/Agency]]
  
:94 [[Situs of Assets for IHT]]
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:102 [[Reporting and Compliance]]
  
:95 [[Situs of Assets for CGT]]
+
:103 [[Claims]]
  
:96 [[Foreign Entities]]
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:104 [[Reporting and compliance: IHT]]
  
:97  [[Hybrid Entities]]
+
:105 [[Reporting Beneficial Owners]]
  
:98  [[Control Connected Close and Related Expressions]]
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:106 [[Disclosure of Offshore Trusts]]  
  
:99  [[Permanent Establishment and Branch/Agency]]
+
:107 [[Requirement to Correct]]
  
:100  [[Disclosure and Compliance]]
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:108 [[Criminal Law and Professional Conduct]]
  
:101  [[Disclosure on Death ]]
 
  
:102 [[Disclosure of Offshore Trusts]]
 
  
:103  [[Criminal Law and Professional Conduct]]
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<big>'''Appendices'''</big>
  
 +
:[[Appendix 1A: Words of Dispute]]
  
:[[Appendix 1: Common Expressions]]
+
:[[Appendix 1: Common Legal Expressions]]  
  
:[[Appendix 2: Consideration, Arm's Length/Full Value]]
+
:[[Appendix 2: Family Terminology]]  
  
:[[Appendix 3: Associated Operations: IHT]]
+
:[[Appendix 3: Consideration, Arm's Length/Full Value]]
  
:[[Appendix 4: Construction of Deeming Provisions]]
+
:[[Appendix 4: Associated Operations: IHT]]
  
:[[Appendix 5: What Do We Mean by "Real"?]]
+
:[[Appendix 5: Deeming Provisions]]
  
:[[Appendix 6: Parliamentarians]]
+
:[[Appendix 6: What Do We Mean by "Real"]]
  
:[[Appendix 7: Visiting Forces]]
+
:[[Appendix 7: Parliamentarians]]
  
:[[Appendix 8: How to Improve Residence and Domicile Taxation]]
+
:[[Appendix 8: Visiting Forces]]
  
:[[Appendix 9: Reform of Offshore Anti-avoidance Rules]]
+
:[[Appendix 9: How to Improve Residence and Domicile Taxation]]
  
:[[Appendix 10: UK Arrival or Departure: Tax Checklist]]
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:[[Appendix 10: Reform of Offshore Anti-avoidance Rules]]
  
:[[Appendix 11: Welsh Devolution]]
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:[[Appendix 11: UK Arrival or Departure: Tax Checklist]]
  
:[[Appendix 12: 2018 Clauses: Introduction and CGT disregards]]
+
:[[Appendix 12: The Wisdom of Parliament]]
  
:[[Appendix 13: 2018 Clauses: Close-family charges]]
 
  
:[[Appendix 14: 2018 Clauses: Onward Gifts]]
 
  
 
</div>
 
</div>
  
  
<big>'''New 2017/18 edition'''</big>
+
<big>'''New 2019/20 edition now out'''</big>
  
The text is based on the Finance Bill (March 2017) and draft domicile clauses published July 2017.  
+
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]].
  
The printed edition of the book will be based on the Finance (no.2) Act in its final form.  It will be published in November, and TFD online will then be updated to the text of the published book.
+
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]
  
To access TFD online you will need to order a copy of the new edition and an online licence. To order the book, go to [http://www.khpplc.co.uk/products/91/Taxation-of-Non-Residents-and-Foreign-Domiciliaries the publishers online ordering]; to order a licence go to [http://www.khpplc.co.uk/products/82/Taxation-of-Non-Residents-and-Foreign-Domiciliaries-16th-Online-Edition online ordering] or [mailto:[email protected].uk?Subject=TFD%20online%20enquiry click here]
+
Licences for the old (2018/19) edition are no longer valid.
  
Licences for the old edition are no longer valid.
 
  
 
<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, go to the publishers online ordering [http://www.khpplc.co.uk/products/82/Taxation-of-Non-Residents-and-Foreign-Domiciliaries-15th-Online-Edition here (book)] and [http://www.khpplc.co.uk/products/82/Taxation-of-Non-Residents-and-Foreign-Domiciliaries-15th-Online-Edition here (licence)].  For multiple user licence [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 and Reforms]]; chap 2 [[Tax Avoidance: Public Debate]]; chap 10A [[Temporary Non-residence: Pre-2013 Departures]].
+
    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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You need to register with the password for the current edition. Registration for an earlier edition is not valid.
 
You need to register with the password for the current edition. Registration for an earlier edition is not valid.
  
<big>'''How to comment'''</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/oliver-marre/ Oliver Marre].   
+
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 Oliver Marre, who reviews online contributions, [mailto:OliverMarre@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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