United Kingdom: Trusts

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Chancellor Announces Call For Evidence On Carried Interest Tax And Provides Further Detail On Non-dom Reform
The UK government has announced a review of carried interest taxation and a reform of the tax regime for non-domiciled individuals, effective from April 2025. Key changes include replacing current non-dom rules with a new residence-based system and introducing potential capital gains rebasing and inheritance tax adjustments for foreign assets in trusts.
United Kingdom Tax
TS
Travers Smith LLP
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