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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

A breath of fresh air; their professionalism and competence are second to none which when combined with their flexibility, accuracy and work ethic makes IQE a truly first rate organisation. Rupert Cottrell, FCSI,

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