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<big>This website provides comprehensive information about:
+
<big>This site provides comprehensive information about:
 
# Taxation of foreign domiciliaries
 
# Taxation of foreign domiciliaries
 
# Taxation of non-residents on UK income and assets
 
# Taxation of non-residents on UK income and assets
 
# Taxation of UK residents on foreign income and assets  
 
# Taxation of UK residents on foreign income and assets  
  
It is the online version of the new (2016/17) edition 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].
 
+
The text is based on the Finance Bill as it stood at 1 September 2016. The printed edition of the book, based on the Finance Act in its final form, is now out, and the online edition is in the process of being updated.
+
  
 
<div style="float: left; width: 33%">
 
<div style="float: left; width: 33%">
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<big>'''Contents'''</big>
 
<big>'''Contents'''</big>
  
[http://www.foreigndomiciliaries.co.uk/index.php/Updates Updates]  
+
[[Update]]
  
 
[[Introduction]]
 
[[Introduction]]
  
:1  [[Foreign Domicile: Tax Policy and Reforms]]
+
:1  [[Foreign Domicile: Tax Policy]]
  
:2  [[Wake Up and Smell the Coffee: Public Debate on Tax Avoidance]]
+
:2  [[Tax Avoidance]]
  
 
:3  [[Domicile]]  
 
:3  [[Domicile]]  
  
:4  [[Deemed Domicile for IHT]]
+
:4  [[Deemed Domicile]]
 
+
:5  [[Deemed Domicile from 2017]]
+
  
:6   [[Residence of Individuals]]
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:5   [[Residence of Individuals]]
  
:7   [[Residence of Trustees]]
+
:6   [[Residence of Trustees]]
  
:8   [[Treaty-Residence]]
+
:7   [[Treaty-Residence]]
  
:9   [[Exit Taxes]]
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:8   [[Exit Taxes]]
  
:10 [[Split Years: Arrival and Departure]]
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:9 [[Split Years: Arrival and Departure]]
  
:11 [[Temporary Non-residence: Post-2013 Departures]]
+
:10 [[Temporary Non-residence]]
  
:11A  [[Temporary Non-residence: Pre-2013 Departures]]
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:11 [[Source/Relevant Foreign Income]]  
  
 
:12  [[The Remittance Basis]]
 
:12  [[The Remittance Basis]]
Line 48: Line 44:
 
:15  [[Mixed Funds]]
 
:15  [[Mixed Funds]]
  
:16  [[Income Categories and Sources]]
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:16  [[Trading Income]]
  
:17  [[Trading Income]]
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:17  [[Trading in Land]]
  
:18  [[Entertainers and Sportspeople]]
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:18  [[Performers]]
  
 
:19  [[Property Income]]
 
:19  [[Property Income]]
Line 82: Line 78:
 
:32  [[IIP Trusts: Income Tax]]
 
:32  [[IIP Trusts: Income Tax]]
  
:33  [[Settlor-interested Trusts]]
+
:33  [[Settlor-interested Trust Code]]
  
 
:34  [[Transfer of Assets Abroad: Introduction]]
 
:34  [[Transfer of Assets Abroad: Introduction]]
Line 88: Line 84:
 
:35  [[Transfer of Assets Abroad: Transferors]]
 
:35  [[Transfer of Assets Abroad: Transferors]]
  
:36  [[Transfer of Assets Abroad: Non-transferors]]
+
:36  [[Transfer of Assets Abroad: Benefits]]
  
 
:37  [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
 
:37  [[Transfer of Assets Abroad: Relief from Overlapping Charges]]
Line 94: Line 90:
 
: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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:NEW [[Transfer of Income Streams]]
  
:41 [[Offshore Income Gains]]
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:40 [[Life Policies and Contracts]]
  
:42 [[Income from Offshore Funds]]
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:41 [[Offshore Funds: Definition]]
  
:43 [[Accrued Income Profits]]
+
:42 [[Offshore Income Gains]]
  
:44 [[Deeply Discounted Securities]]
+
:43 [[Income from Offshore Funds]]
  
:45 [[Unit Trusts]]
+
:44 [[Accrued Income Profits]]
  
:46 [[Intermediated Securities]]
+
:45 [[Deeply Discounted Securities]]
  
:47 [[Partnerships]]
+
:46 [[Unit Trusts]]
  
:48 [[Non-Residents Income Tax Relief]]
+
:47 [[Intermediated Securities]]
  
:49 [[Collection of Tax from UK Representatives]]
+
:48 [[Partnerships]]
  
:50 [[Investment Manager Exemptions]]
+
:49 [[Non-Residents Income Tax Relief]]
  
:51 [[Loans from Non-Resident Companies]]
+
:50 [[Collection of Tax from UK Representatives]]
  
:52 [[Rates of Tax]]
+
:51 [[Investment Manager Exemptions]]
  
:53 [[Personal Allowances and Annual Exemptions]]
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:52 [[Investment Management Fees & Carried Interest]]
  
:54 [[National Insurance Contributions]]
+
:53 [[Loans from Non-Resident Companies]]
  
:55  [[Capital Gains of UK Residents]]
+
:54 [[Transactions in Securities]]
  
:56 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
+
:55 [[Rates of Income Tax/CGT]]
  
:57 [[Capital Payments from Non-Resident Trusts: s.87]]
+
:56 [[Personal Allowances]]
  
:58 [[Borrowing by Non-resident Trust: Sch 4B]]
+
:57 [[National Insurance Contributions]]
  
:59 [[Gains of Non-Resident Companies]]
+
:58 [[Chargeable Gains]]
  
:60 [[Capital Losses]]
+
:59 [[UK Property Held by Non-Residents]]
  
:61 [[Foreign Currency Issues]]
+
:60 [[Private Residence Relief]]
  
:62 [[Unremitted Income: Exchange Control]]
+
:61 [[Gains of Non-Resident Settlor-Interested Trusts: s.86]]
  
:63 [[Double Taxation Arrangements: Introduction]]
+
:62 [[Capital Payments from Non-Resident Trusts: s.87]]
  
:64 [[DTA Anti-abuse Rules]]
+
:63 [[Borrowing by Non-Resident Trust: Sch 4B]]
  
:65 [[Foreign Tax Credit Relief]]
+
:64 [[Protected Trusts]]
  
:66 [[EU Law and UK Taxation]]
+
:65 [[Sub-Funds]]
  
:67 [[Excluded Property: Definition]]
+
:66 [[Gains of Non-Resident Companies]]
  
:68 [[Excluded Property Exemptions]]
+
:67 [[Capital Losses]]
  
:69 [[Wills and IOVs]]
+
:68 [[Foreign Currency Issues]]
  
:70 [[Reservation of Benefit]]
+
:69 [[Unremittable Assets]]
  
:71 [[IHT Consequences of Transfers Between Trusts]]
+
:70 [[Double Taxation Arrangements: Introduction]]
  
:72 [[IHT Deduction for Debts]]
+
:71 [[DTA Anti-abuse Rules]]
  
:73 [[Double Inheritance Taxation: Introduction]]
+
:72 [[Foreign Tax Credit Relief]]
  
:74 [[IHT DTTs: India, Pakistan, Italy, France]]
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:73 [[EU Law and UK Taxation]]
  
:75 [[IHT DTT: USA]]
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:74 [[Excluded Property: Definition]]
  
:76 [[IHT DTT: Switzerland]]
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:75 [[Excluded Property Exemptions]]
  
:77 [[Foreign IHT Credit Relief]]
+
:76 [[Wills and IOVs]]
  
:78 [[Marriage with Non-dom or Non-resident]]
+
:77 [[Reservation of Benefit]]
  
:79 [[Private Residence Relief]]
+
:78 [[Inter-Trust Transfers: IHT]]
  
:80 [[Residential Property of Non-Residents: NRCGT]]
+
:79 [[IHT Deduction for Debts]]
  
:81 [[Family Home and Chattels: Benefit in Kind Charges]]
+
:80 [[IHT Double Taxation Treaties: Introduction]]
  
:82 [[Corporate Residential Property]]
+
:81 [[IHT DTAs: India, Pakistan, Italy, France]]
  
:83 [[Pre-Owned Assets]]
+
:82 [[IHT DTA: Netherlands]]
  
:84  [[Joint Accounts]]
+
:83 [[IHT DTA: Switzerland]]
  
:85 [[Estates of Deceased Persons: CGT]]
+
:84 [[IHT DTA: USA]]
  
:86 [[Estates of Deceased Persons: Income Tax]]
+
:85 [[Foreign IHT Credit Relief]]
  
:87 [[Who is the Settlor?]]
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:86 [[Non-Dom/Non-Resident Spouse]]
  
:88 [[Trusts with Two or More Settlors]]
+
:87 [[Family Home and Chattels: Benefit in Kind Charges]]
  
:89 [[Situs of Assets for IHT]]
+
:88 [[IHT Residential Property Code]]
  
:90 [[Situs of Assets for CGT]]
+
:89 [[Pre-Owned Assets]]
  
:91 [[Foreign Entities]]
+
:90 [[Joint Accounts]]
  
:92 [[Hybrid Entities]]
+
:91 [[ATED Taxes]]
  
:93 [[Control Connected Close and Related Expressions]]
+
:92 [[Estates of Deceased Persons: CGT]]
  
:94 [[Permanent Establishment and Branch/Agency]]
+
:93 [[Estates of Deceased Persons: Income Tax]]
  
:95 [[Disclosure and Compliance]]
+
:94 [[Who is the Settlor?]]
  
:96 [[Disclosure and Compliance: IHT]]
+
:95 [[Trusts with Two or More Settlors]]
  
:97 [[Swiss Tax Agreement]]
+
:96 [[Situs of Assets for IHT]]
  
:98 [[Criminal Law and Professional Conduct]]
+
:97 [[Situs of Assets for CGT]]
  
:99 [[Client Notification Regulations]]
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:98 [[Foreign Entities]]
  
 +
:99  [[Hybrid Entities]]
  
:[[Appendix 1: Common Expressions]]
+
:100  [[Control Connected Close and Related Expressions]]
  
:[[Appendix 2: Construction of Deeming Provisions]]
+
:101  [[Permanent Establishment and Branch/Agency]]
  
:[[Appendix 3: What Do We Mean by "Real"?]]
+
:102  [[Reporting and Compliance]]
  
:[[Appendix 4: Parliamentarians]]
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:103  [[Claims]]
  
:[[Appendix 5: Visiting Forces]]
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:104  [[Reporting and compliance: IHT]]
  
:[[Appendix 6: How to Improve Residence and Domicile Taxation]]
+
:105 [[Reporting Beneficial Owners]]
  
:[[Appendix 7: Reform of Offshore Anti-avoidance Rules]]
+
:106 [[Disclosure of Offshore Trusts]]  
  
:[[Appendix 8: UK Arrival or Departure: Tax Checklist]]
+
:107 [[Requirement to Correct]]
 +
 
 +
:108 [[Criminal Law and Professional Conduct]]
 +
 
 +
 
 +
 
 +
<big>'''Appendices'''</big>
 +
 
 +
:[[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]]
 +
 
 +
:[[App New:    Territorial Limits]]
 +
 
 +
:[[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]]
  
:[[Appendix 9: Welsh Devolution]]
 
  
  
 
</div>
 
</div>
  
 +
 +
<big>'''New 2019/20 edition now out'''</big>
 +
 +
The 2019/20 printed edition of ''Taxation of Non-residents and Foreign Domiciliaries'' is now out. The online edition contains the text of that edition with some subsequent [[Update | updates]].
  
 
<big>'''How to login'''</big>
 
<big>'''How to login'''</big>
  
You need to register with the password for the current edition. Registration for an earlier edition is not valid.
+
Most of this site requires you [[Special:Userlogin|to login]]. To obtain a login licence:
  
Most of this website 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)  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].
  
- Every copy of the printed book has a 3 week trial licence (see inside back cover of volume 1)
+
    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, 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)]
+
    Without logging in, you can access: Chap 1 [[Foreign Domicile: Tax Policy]]; Chap 2 [[Tax Avoidance]].
For multiple user licence [mailto:[email protected]?Subject=TFD%20contact%20publisher%20request%20multiple%20user%20licences contact the publishers].
+
  
Without logging in, you can access chapters 1 [[Foreign Domicile: Tax Policy and Reforms]]; 2 [[Wake Up and Smell the Coffee: Public Debate on Tax Avoidance]]; 11A [[Temporary Non-residence: Pre-2013 Departures]]; 99 [[Client Notification Regulations]].
+
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 may 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 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 correct slips or errors]] and if you see anything that needs correcting or expanding, 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>
  
If you do not find the answer to your question in TFD online, or if you want advice on which you can legally rely, you may instruct James Kessler QC to advise.  For further information see [[How to instruct James Kessler QC]].
+
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]].
  
 +
<big>'''Archive editions'''</big>
  
<big>'''TFD archive editions'''</big>
+
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.
 
+
There are [[archive editions]] for years since 2008/09.  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.
+
 
+
  
 
<big>'''Contact '''</big>
 
<big>'''Contact '''</big>
Line 274: Line 305:
 
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].
 
  
 
<big>'''Technical notes'''</big>
 
<big>'''Technical notes'''</big>

Revision as of 15:03, 20 November 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
NEW Transfer of Income Streams
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
App New: Territorial Limits
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 that edition with some subsequent updates.

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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