HMRC Draft legislation: deemed domicile - Income Tax, Capital Gains Tax and Inheritance Tax

January 31, 2017

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HMRC has published a revised version of the draft Finance Bill legislation introducing deemed UK domicile rules for income tax, CGT and IHT purposes from April 2017. The revised draft amends the  schedule to contain an exception for protected foreign-source income of overseas trusts and additional conditions for transfers from mixed funds. Comments on the revised draft are invited by 23 February 2017.

Link to policy paper