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UK Non-Doms - Take action now!

Posted on in IQE Isle of Man

Under the provisions of the UK Finance Act 2016, UK non domiciled status will end for certain individuals with effect from April 2017.

However, the UK Government has confirmed that a deemed domiciled individual who has set up a non-UK resident trust before becoming deemed domiciled will not be taxable on income and gains arising outside of the UK and retained in a Trust. 

Isle of Man

The Isle of Man is a well established and well regulated international finance centre and is a common law jurisdiction.  Trust law is based on English law and thus reassuringly familiar.

Trusts

How can IQE help?  As a licensed Trust Service Provider, working together with professional advisors, IQE provide trust services to a global client base and is well placed to provide trustee services to UK Non Doms looking to establish a trust before April 2017, as a stand alone solution or as part of a structure for property holding, investment holding as well as asset protection and inheritance planning.

For more information on our Trustee services please contact David Karran, dkarran@iqe.im or Anne Couper Woods, acouperwoods@iqe.im or call +44 (0) 1624 689589.

We have the expertise to assist with multi-jurisdictional fiduciary services for international structures

I work with a number of Corporate Service Providers across several jurisdictions and would have no hesitation in saying that IQE have proved, on numerous occasions to be both the most efficient and professional of them all. IQE has provided a comprehensive service at a consistently high level despite having to deal with some very sensitive cultural complexities reflecting our area of operations. All of the staff have been extremely helpful and will go out of their way to accommodate us. John Bourbon, MSc, FCIB, FCol Charterd FCSI,

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