The Government has dropped sections of the Finance Bill in advance of the election, including the non-domicile reforms that will cause shares in offshore companies holding UK property to come within
The Government has dropped sections of the Finance Bill in advance of the election, including the non-domicile reforms that will cause shares in offshore companies holding UK property to come within the scope of IHT from 6 April 2017.
It is anticipated that the Government will reintroduce these reforms post-election and it is possible that these reforms may go ahead retrospectively from 6 April 2017 as originally planned. However as at today's date the Government has published no further guidance on its intentions.
Any restructuring implemented before 6 April may be affected by the reforms that are eventually introduced. Please address any questions to the contacts below: