Following years of speculation and Government announcements the draft legislation has now been issued that details the significant changes to the taxation of non-UK domiciled individuals and their trusts, which will take effect from 6 April 2025.
HMRC won in the recent First Tier Tribunal in the case of Ian Strachan, TC8858. This is a case where the taxpayer argued that he had acquired a domicile of choice in Massachusetts.
