Finance Act 2025 : non-domiciled individuals, double remittances and 6 April 2025
26 Mar 2025
The CIOT has issued a paper outlining our concerns about the wording of certain provisions in the Finance Act 2025 and their effect on s.809P(12) ITA 2007.
HMRC and HMT insist that the changes are a clarification of existing law, but we remain concerned about potentially unforeseen tax implications for ‘non-doms’ who make remittances on/after 6 April 2025 having made earlier remittances of the same foreign income or gains.