The Government has dropped sections of the Finance Bill in advance of the election, including the non-domicile reforms that will cause shares in offshore companies holding UK property to come within
UK residential property owned by non-domiciliaries; change to proposed new IHT charges for lenders and borrowers
As part of the Government's proposed reforms to the taxation of non-domiciliaries which will take effect from 6 April, new IHT charges are to be imposed on lenders and borrowers where loans are
UK residential property owned by non-domiciliaries; unexpected announcement of IHT charges for lenders and borrowers
The Government announced in the Summer Budget 2015 that from April 2017 non-UK domiciled individuals will no longer be able to shelter their UK residential property from inheritance tax ("IHT") by holding the property in an offshore structure.
The Chancellor has not announced any new taxation measures which will apply to non-UK residents owning property in the UK but the Government has today issued long awaited guidance on how the new