Non-dom £30k tax charge - nominated income/gains

Hi there

I've been contacting my non-dom clients in the run up to the end of the tax year to ensure that they have ring-fenced some offshore income to nominate for the £30k tax charge (those that are required to pay it).

So far I've not had any problems, but i'm worried that there's not much time to ring-fence an account and get some income paid on it before 5 April.

I was wondering whether anyone had found any friendly banks who were able to set up an account in a hurry to save the client getting into the punative remittance rules? Or what other advisers were doing for their non-dom clients before the deadline?

I'd be interested to hear anyone's experiences.

Tristan
TN

Comments
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Final question.

BossMan1 |

Thanks

BossMan1 |

It depends!

barryhallam |
barryhallam's picture

Help

BossMan1 |

On the tax return

barryhallam |
barryhallam's picture

Possibly!

barryhallam |
barryhallam's picture

No

barryhallam |
barryhallam's picture

Now confused

BossMan1 |

Nomination

Anonymous |

Your help.

BossMan1 |

Nominated Income

rezasamii |