UK
Ireland
Domicile: where are we now?
On 6th March 2024, the Conservative Chancellor of the Exchequer announced his intention to remove the longstanding concept of domicile from the UK’s tax code. In July, the incoming Labour Government confirmed their intention to carry through the Conservative proposals with effect from 6th April 2025. In this recording we survey the landscape today.
On 6th March 2024, the Conservative Chancellor of the Exchequer announced his intention to remove the longstanding concept of domicile from the UK’s tax code. In July, the incoming Labour Government confirmed their intention to carry through the Conservative proposals with effect from 6th April 2025. They did not confirm the detail of their thinking. Would they honour some of the suggested transitional provisions, or would they go further with even more radical proposals?
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Time & Location
Agenda
During the recording, we will:
- Provide a summary of what we currently know
- Explore the implications for people in various circumstances
- Discuss possible planning strategies between now and 5th April 2025, for individuals, families and trustees
- Outline post-2025 scenarios and options