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In December 2016, the Government published its responses to the August 2016 consultation on the reforms to the taxation of non-UK domiciled individuals and non-UK resident trusts, together with further draft clauses to be included in the Finance Bill 2017. For a more detailed outline of these potential changes, please read our briefing note.
In light of significant changes, Smith & Williamson held two seminars in Jersey and London to update trustees on the contents and impact of the draft legislation and to discuss some case studies.
The rules which will come into force on 6 April 2017 will be subject to further changes before they are finalised.
If you would like to know more, contact our experts to receive more information.