If you're a trader or investor in shares, forex, futures/options or CFD's and have non UK domicile status there are a number of tax planning opportunities available to you.

In this section we look at articles concerned with how non dom traders & investors can reduce income and capital gains tax.

Latest Non Dom Articles Overseas ETF's and Time deposits for Non Doms opting for the arising basis Any non UK domiciliaries who are looking to avoid the remittance rules should look carefully at their overseas investments. If they're opting for the arising basis the opportunities for avoiding UK tax on overseas investments are limited. This article looks at the use of overseas ETF's and time deposits . . . keep reading What you need to know about the new capital loss regime for non doms There have been numerous changes to the treatment of capital losses for non doms. In this article we look at how these new rules apply and how they will affect non doms financial invesors. . . . keep reading Tax for non UK domciliary 'trading' overseas stocks Many non UK domiciliaries are living in the UK and investing in both UK and overseas shares/stocks. Assessing the UK tax implications will be crucial. This article looks at the tax treatment of and UK tax planning opportunities arising from non UK domiciliaries investing or trading in overseas stocks . . . keep reading Non Dom Traders and overseas bank accounts Non Dom traders may well have an overseas bank account. Where this contains different income sources or a mixture of taxable income and tax free capital the rules governing the extraction can be difficult. In this article we look at tax planning principally for interest for non doms with overseas bank accounts. . . . keep reading Offshore OEICS and UK tax for traders and investors Offshore open ended investment companies ('OEICS') are popular investments particularly for non doms. This article looks at the UK tax implications of investing in offshore OEICS for both UK domiciliaries and non UK domiciliaries . . . keep reading Using an offshore company for forex trading/investing to reduce tax One of the most common questions we have is whether as a UK resident you can use an offshore company to trade or invest in forex & reduce your UK tax charges. This article looks at how using an offshore company to trade or invest in forex is taxed in the UK. It considers the position for UK resident domiciliaries and non UK domiciliaries . . . keep reading How non dom traders can make the most of overseas capital for tax free remittances Many non dom traders are concerned about how to remit overseas cash free of UK tax. In this article we look at the position of overseas capital, including exactly what it is, howe it can be remitted tax free and the position of mixed funds . . . keep reading Common tax planning Q&A's for non dom traders There have been a number of changes to the tax treatment of non doms after April 2008. Any non doms living in the UK who are trading or investing in the overseas markets will be directly impacted by many of the changes. In this article we look at some of the common tax planning Q&A's that may arise for many traders and investors. . . . keep reading How traders can move abroad and lose UK domicile status Many traders want to lose UK domicile status as well as UK residence status when they leave the UK. The potential for UK inheritance tax at 40% is a big incentive to achieving non dom status. In this article we look at the kind of steps that traders moving overseas should be looking at to avoid being classed as a UK domiciliary . . . keep reading How traders can use a statutory declaration to help establish non dom status If you're looking at leaving the UK and establishing non dom status one option could be to consider a statutory declaration to support this. The key advantage in obtaining non dom status for anyone leaving the UK would be the ability to avoid UK inheritance tax. This article looks at how a statutory declaration could be useful for traders and provides sample wording . . . keep reading 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 . . . keep reading How traders/investors should complete the non dom pages of the 2008/2009 tax return Many active traders and investors are also non UK domiciliaries ('non doms'). In this article we look at how non dom traders and investors will be looking to complete the 2008/2009 UK tax return. In particular we look at what pages they will need to complete and how to complete them . . . keep reading How non dom forex traders will be treated when remitting foreign income and gains Non Dom traders and investors will often look to retain profits from overseas forex trading activities in an offshore account. Providing they claim the remittance basis they will then avoid UK income/capital gains tax on their overseas forex activities. This article looks at how non dom forex traders & investors will be taxed when they remit the overseas income or gains back to the UK . . . keep reading How the £30,000 tax charge applies to non dom investors in overseas shares, forex & futures Non Dom investors in shares, forex, futures and options may need to consider whether they can obtain any advantages from the remittance basis. This article looks in detail at the choice between the arising basis and the remittance basis and how the £30,000 tax charge will apply to non dom traders and investors . . . keep reading The remittance basis and the £30K tax charge for a non domiciled investor Question: A non-dom UK resident (in UK> 7 yr) invested through an overseas account (in his own name as private investor) and realised gains of GBP 300,000 in a tax year. Let's say GBP 260,000 were gains on non UK situated futures, GBP 40,000 gains on UK situated futures. In this case, is it possible to pay the 30,000 Remittance Basis Charge in order to shelter 260k from UK tax and pay UK CGT on the 40 k only? Or how would he minimize his UK tax? . . . keep reading Location of Futures contract for CGT purposes Question: Many thanks for you answering my question under "Non Dom investing in overseas futures & claiming the remittance basis to reduce tax". This was most useful. I have a few follow up questions regarding this subject: 1. You point out that UK gilts are free of CGT anyway. So how is an UK Gilt Future traded on LIFFE (UK) likely to be treated? Is the Gilt future also free of CGT as Gilts are free? 2. In the 2005 Budget ( http://www.hmrc.gov.uk/budget2005/revbn26.htm ) new measures were proposed to provide more specific rules regarding the location of certain assets. Futures and options are discussed and the proposal states "The rule will not apply, however, in relation to options & futures which can be settled only in cash (such as financial futures over the FTSE 100 Index), rather than by delivery". Does this mean that cash settled FTSE 100 Futures are free from Capital Gains Tax? 3. If any of above Futures are free of CGT (BUT probably still seen as UK situated assets), could they be included in my overseas futures account free of CGT? . . . keep reading Non Dom investing in overseas futures & claiming the remittance basis to reduce tax Question: I am a Non-dom UK resident (lived in the UK >7 yrs). I am looking to trade / invest in Futures (financial & commodity) through an account outside the UK. The account will be opened in my own name as a private investor. My intention is to pay £ 30,000 RBC in order to shelter the gains from UK tax? 1.) In your opinion, would this structure work in order to shelter profits from my Futures trading from UK tax? 2.) I understand that the traded "assets" must be deemed as non-UK situs. How are Futures treated in this regard? In particular Futures traded/listed on a UK Exchange such as a FTSE Futures or Gilt Futures? Would I have to exclude futures listed on a UK exchange ? . . . keep reading Making use of your spouses offshore status for overseas shares If you have a spouse (or civil partner) who is either a non UK domiciliary and/or a non UK resident you may be able to make use of their status to reduce the tax charge on your overseas shares or financial investments. This article looks at making the most of your husband/wife's non residence/non domicile status to reduce your UK tax on share investments . . . keep reading Non Doms and the remittance basis of tax for overseas shares or securities Individuals who are UK resident but non UK domiciled are subject to special tax rules for their overseas income or capital gains. This article looks in the detail at the remittance basis of tax for share traders and investors and how and when it can be used to reduce UK income tax and capital gains tax . . . keep reading