More Carrot, Less Stick: New Rules to Encourage Non-Doms to Invest in the UK

Posted by : Alexis Hille | Date posted : 18/01/2012

From this April it may cost more to be a non-dom living in the UK: those who have been UK resident for 12 out of the last 14 tax years will find the annual price of opting into the remittance basis of UK tax has risen from £30,000 to £50,000.  But they will find it easier to invest in the UK using funds which are physically brought into the UK but not "remitted" for tax purposes. 

This is a welcome development: it represents both a positive shift in the Government's approach to legislating in this area, and a new tax-efficient route for investment into UK plc. Alexis Hille summarises the opportunities, spots some traps and highlights some points for offshore trustees in particular to note, here.


If you require further information on anything covered in this briefing please contact Alexis Hille (; +44 (0)20 3375 7160) or your usual contact at the firm on 020 3375 7000.