On 17 May, the Chartered Institute of Taxation said that the rules on UK domicile have been in the news again, courtesy of the revelation that the Chancellor’s wife is a ‘non-dom’, thus only paying UK income tax on her UK-source income or capital gains tax on gains from disposals of UK assets, and not on that from overseas, unless any overseas income or gain is remitted to the UK. The explainer sets out how the domicile rules work and seeks to answer some of the most common questions about them, focusing mainly on income tax and capital gains tax.
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NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!