The Treasury has launched a consultation setting out the detail of the proposals that will restrict individuals from being able to claim non-domiciled status for tax purposes. Under the new regime, an individual who has been resident in the UK for at least 15 of the past 20 tax years will be treated as deemed UK domiciled for tax purposes. Once deemed UK domiciled, an individual will no longer be able to use the remittance basis of tax.

The document, Reforms to the taxation of non-domiciles includes draft legislation to illustrate how the new rules would work in the context of one aspect of the remittance basis for income tax and capital gains tax. Draft legislation is also attached on …