Taxation of Non-UK Domiciliaries - Finance (No 2) Act 2017, Finance Act 2018 Schedule 10

Finance (No 2) Act 2017 introduced very significant changes to the taxation of non-UK domiciliaries. This page is a summary of Q&As and notes on areas of practical uncertainties.

• Q&As Mixed fund cleansing
• Q&As Rebasing and the adjustments to the CGT foreign capital losses election
• Q&As The extension of IHT to overseas property representing UK residential property interests

In addition notes have been prepared by committee members to highlight practical issues and uncertainties in the statutory provisions for trust protections as introduced by Finance (No 2) Act 2017 and for the Finance Act 2018 Schedule 10 (Settlements: Anti–avoidance etc.) provisions.

• Trust protections note
• Finance Act 2018 Schedule 10
• Trust protections and offshore income gains

These documents are also published by STEP and as TAXguides by the ICAEW Tax Faculty.