UK non-doms race to “reset clock”, plan offshore trusts

7 August 2015 | 3 minutes read

UK non-domicile (non-dom) residents are pushing forward with trust set-ups and plans to move out temporarily to avoid being caught under a new tax regime, say experts. The new rules state that come 2017, a UK resident will be deemed UK-domiciled for all tax purposes. However, such individuals may consider moving out for five years to “reset the clock”, before…

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