The UK government has confirmed plans to implement changes to the non-UK domicile rules “as soon as possible” after they were delayed owing to the snap election.
Under the new rule, originally expected to be live in April 2017, those living in the UK for 15 of the last 20 years will be deemed domiciled.
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The new rule also makes a non-domicile property in the UK held through an overseas corporate entity subject to inheritance tax, and scraps the non-dom status for those who return to the UK but have a permanent home abroad.
The changes will be introduced in the Finance Bill and are expected to be effective as per the previously proposed timeline.
“Where policies have been announced as applying from the start of the 2017-18 tax year or other point before the introduction of the forthcoming Finance Bill, there is no change of policy and these dates of application will be retained. Those affected by the provisions should continue to assume that they will apply as originally announced,” the government said in a statement.
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