PBR to attack non-domiciliaries. By Dan Martin

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Gordon Brown is likely to use this weeks pre-budget report (PBR) to remove the favourable tax treatment for UK non-domiciliaries, experts have predicted.

Tax advisers Chiltern made the claim among its predictions ahead of Wednesdays speech, which will probably be Browns last as chancellor.

The firm said a review of the domicile rules are probable.

Currently a UK resident who is not UK domiciled only pays income tax on money brought into or spent in the UK. The non-domiciled UK resident can claim on the remittance basis for most types of foreign income and not pay UK income and capital gains tax and there is now also an option not to claim the remittance basis so that foreign income that arose prior to the tax year in question can be remitted tax-free.

A change in these rules could have a detri...

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By Anonymous
06th Dec 2006 07:31

Non Domiciles
Simon Sweetman....what a bitter socialist your are!

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05th Dec 2006 10:09

I wish
Attack non-domicilaries ? As has been forecast for the last 10 years every year ? I wish.

See the Sunday Times - your average UK based billionaire pays an overall tax rate of 0.14%

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06th Dec 2006 11:44

high standard of debate as usual...
thats a brave, and constructive comment "Taxman" hiding behind your pseudonym!

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06th Dec 2006 16:43

socialist, moi ?
Democratic socialist, yes. And proud of it. Bitter ? I don't think so : I just think that people who choose to live in a country and take the benefits paid for by taxation ought to contribute.

And was there anything in the PBR ? No, of course not.

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By Anonymous
06th Dec 2006 16:48

Well....
another stunningly inaccurate "prediction" about the content of a Budget, or Pre-Budget statement, this time from Chiltern. I would have been as well advised had I asked my 2 year old non-English speaking nephew for Budget predictions.

Does, or should , this undermine the credibility of the technical expertise of the firms who get these finger in the air lists so wrong?

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23rd Apr 2007 22:08

Domicile
I was just wondering if anyone knew why this "amnesty" - offshore disclosure facility aired it's head before the domicile rules are changed. Could it be GBUK allowing it's benefactors to repatriate funds they need to live on legitimately before changing the membership taxes. I wonder how many non-domiciled wealthy will partake of the opportunity.
regards
[email protected]

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