Residence and domicile: proposed amendments to the residence and domicile tax rules

Additional Frequently Asked Questions (FAQs) have been added on 15 April 2008 giving more details of the new rules on residence and domicile.

Background

HM Revenue & Customs (HMRC) published details on 18 January 2008 on the amendments to the residence and domicile tax rules which were announced by the Government at the 2007 Pre-Budget Report (PDF 72K). The documents published were:

• draft legislation (PDF 116K) covering day counting and the remittance basis of taxation (including the £30,000 charge and personal allowances for those claiming the remittance basis)
• explanatory notes (PDF 96K) in relation to this draft legislation

At Budget 2008 a number of Budget Notes and a supplementary document were published.

• BN 102 ( PDF 42K)
• BN 103 (PDF 44K)
• BN 104 (PDF 92K)
• BN 105 (PDF 42K)
• BN 106 (PDF 45K)
• BN 107 (PDF 157K)
• Supplementary document (PDF 51K)

The draft legislation will be amended to take into account changes to the proposals following public consultation. You should read the Budget Notes for details of the provisions.

If you have any questions about the proposals please contact us by telephone 020 7147 2762 or email the Offshore Personal Tax Team.