UK:
Rebasing Of Assets For Non-Domiciled Individuals: Valuation Support
02 August 2017
Duff and Phelps
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In the 2015 Summer Budget, the Chancellor announced changes to
the taxation of long-term resident non-domiciled
individuals. Long-term UK residents, non-doms, will become
UK-deemed domicile after 15 years of residence in the UK with
effect from April 6, 2017. As a consequence, they will become
assessable on their worldwide income and gains and non-UK situs
assets will fall within the scope of UK inheritance tax.
Duff & Phelps can assist with an independent
valuation for rebasing purposes across the spectrum of assets
including majority and minority equity holdings, real estate, and
limited partner interests for assets located globally. We bring a
robust and analytical approach drawing on specialists covering the
appropriate geography, asset class and industry. Our reports
withstand regulatory scrutiny across the globe, including HMRC
review.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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