As To The Future

The UK Government periodically considers it's rules for domicile and residence, particularly those relating to onshore or offshore taxpayers who enjoy the benefits of the current tax regime. There remains a widespread belief that UK tax regulations should be brought into line with those that prevail in other countries. Regulators will not wish to discourage the flow of funds introduced by offshore investors and the consequent benefits to the economy. The Government is also aware of the benefits which the overseas business community, especially those who are London based, bring to the country.

Even if no legal revisions take place, residence and domicile are complex subjects, and proper professional advice should always be sought and regularly reviewed. If your own circumstances are likely to change in relation to the United Kingdom it is imperative that you consult with your UK tax adviser as early as possible to ensure that your affairs are fully reviewed and that an apropriate strategy is developed.

Should you wish to complete the Tax Reaponse Form, please click here.

Please note that the above is based upon UK tax regulations as of April 2003, However, informatio provided is not necesarily comprehensive and does not purport to give professional advice.

Further details can be obtained from the firm. If required, please e-mail Kate Cross