Taxation of Non-UK Domiciliaries – Trust Protections and Offshore Income Gains Note

Committee members of STEP, ICAEW and the CIOT have prepared a consolidated note to highlight a key issue in the statutory provisions for trust protections in relation to offshore income gains. The material has been, for the most part, previously published but is brought together in this consolidated note.

The notes are intended to assist professional advisers in considering the issues. They do not constitute advice and are not a substitute for professional consideration of the issues by such a professional adviser in each client’s specific context.

The trust protections – offshore income gains note is available here together with Q&As and notes relating to the changes to the taxation of non-UK domiciliaries in 2017 and 2018.