Establishing non dom status for traders living in the UK
There are two benefits for traders/investors in establishing non dom status. Firstly they can claim the remittance basis to defer or avoid tax on overseas shares, forex, futures etc. Secondly they can avoid inheritance tax on these overseas investments. This article looks at the position of foreign nationals living in the UK and takes the facts of one court case on domicile to illustrate the key points for traders . . . (to read the remainder of this article, please log in below.)
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at 'YourTradingEdge' magazine and the author of 'The Investors Tax Bible'
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