Tax for Individuals / August 7th 2018

Non-Domicile Tax Changes – Cleansing Mixed Funds DEADLINE

Many individuals who are non-UK domiciled (so called ‘non-doms’) are in a position where they have mixed funds.  A mixed fund is an offshore fund of money, which contains more than one type of income, gains and capital, or similar from more than one tax year. Historically, such accounts have caused great difficulty because when a UK resident made a withdrawal and remittance into the UK fro…

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