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2024 Autumn Budget Statement UK Government image with Autumn leaves as the background
How the 2024 Autumn Budget is Shaking Up Offshore Tax Planning

The 2024 Autumn Budget introduces substantial reforms to offshore tax planning, significantly impacting non-UK domiciled individuals. Key changes in residency and domicile tax regulations are outlined, alongside the Treasury's broader anti-avoidance efforts. This article unpacks the implications for non-doms and the evolving landscape of offshore tax compliance.

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header image for the UK Autumn Budget 2024
Autumn Statement 2024: What Could It Mean for High Net-Worth Individuals and Corporations?

As the UK eagerly anticipates the Autumn Budget 2024, high net-worth individuals (HNWIs) and corporate leaders are preparing for potential shifts in fiscal policy that could significantly impact wealth management and business strategies. With inflationary pressures, global uncertainties, and ongoing discourse on wealth inequality, it’s vital to stay ahead of possible adjustments.

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It is not Offshore: It’s Overseas!

Overseas is offshore. Foreign is offshore. Every country outside the UK is offshore to HMRC.   1. It’s an Offshore Bank Account – It’s not taxable WRONG.  If you are UK resident and domiciled, you are taxable on your worldwide income even if the bank account is in an offshore jurisdiction.You have to put the income on…

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