Table of contents
- New four-year FIG regime
- UK residents not eligible for four-year FIG regime
- Transitional reliefs for remittance basis taxpayers
- Inheritance tax (IHT)
- IHT & trusts
Article summary
Private Client analysis: At Autumn Budget 2024, it was confirmed that the remittance basis of taxation will be abolished and a residence-based regime for inheritance tax (IHT) will be introduced from 6 April 2025. Alison Cartin, Senior Counsel–Knowledge, Taylor Wessing LLP considers these reforms to the taxation of UK resident non-UK domiciled individuals (non-doms) and the practical points.
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