Contains all the latest non dom tax planning information
Non Dom Tax Saving Tactics
This brand new tax saving guide explains the new rules for non-doms in plain English. It also reveals exactly how you can use your special status to save thousands of pounds in income tax, capital gains tax and inheritance tax.
The new tax rules contain several important exemptions and concessions that allow non-domiciled individuals to keep money offshore and tax free or make tax-free remittances.
Combined with other UK tax loopholes, non-doms and their families can still hold large overseas bank deposits, share and property portfolios and holiday homes and pay very little or no UK tax.
What Information is Contained in the Guide?
Tax Saving Tactics for Non-Doms is absolutely essential reading for all non-domiciled people living in the UK. Subjects covered include:
- How to structure a 100% tax-free overseas investment portfolio.
- How to escape the £30,000 charge by gifting assets to your children.
- How every non-dom couple can save an extra £1,599.20 tax every year.
- How a couple with £80,000 in overseas bank accounts can completely avoid UK tax.
- How a non-dom with £200,000 invested in bank accounts, shares and property can also escape UK tax altogether.
- How to enjoy a tax-free holiday home in the sun.
- … including one couple with a £150,000 profit who will pay no capital gains tax.
- Why offshore bonds can help you avoid UK tax.
- … plus traps to watch out for.
- How married non-doms should split their assets to save more tax.
- Detailed analysis of when you should and shouldn't claim the remittance basis.
- A list of remittance loopholes that have now been closed.
- … plus new loopholes that allow you to save thousands in tax, including:
- the exemption for clothing, jewellery and expensive watches.
- the exemption that lets you save £400 tax when you spend £1,000 abroad.
- What you do and do not have to disclose to the taxman.
- Everything you need to know about the new £30,000 tax charge.
- How to enjoy a tax-free overseas pension when you retire.
- How non-dom employees are treated under the new rules.
- How non-doms can use offshore trusts to save tax.
- The tax saving benefits of offshore companies.
- How to convince the taxman that you and your children are non-domiciled.
- When it pays to become UK domiciled.
- List of non-dom FAQs and answers.
About the Author
The author is Lee Hadnum LLB ACA CTA. Lee is a rarity among tax advisers having both legal and chartered accountancy qualifications. After qualifying as a prize winner in the Institute of Chartered Accountants entrance exams, he went on to become a Chartered Tax Adviser (CTA) and worked for Ernst & Young for several years. Lee is the author of several Taxcafe tax guides and a regular contributor to our popular online tax Question & Answer service.
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What Will I Receive?
- Non Dom Tax Saving Tactics - Professionally printed tax saving book with full colour cover, dispatched immediately by Royal Mail First Class.
- A FREE optional PDF copy of your book sent immediately to your email address. This means you can start making huge tax savings just seconds after the transaction is complete!
- A FREE copy of our comprehensive guide How to Save Tax 2008/2009 - packed with useful tax tips and information for the current year - delivered immediately to your email inbox. Click here for more details on this title.
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