news - consultation paper non- domiciles
The Treasury has announced second consultation document on the tax treatment of people in UK who retain a foreign domicile. The main provisions are:
• increasing the existing RBC from £30k to £50k for persons R in the UK for 12 or more of the prior 14 years
• enabling non-doms to remit tax-free to the UK for the purpose of commercial investment in the UK
• simplification of some of the more technical legislation relating to the remittance basis
Nominated income – individuals can remit upto £10 without triggering the identification rules
FCBA (For. Currency Bank Accs) gains on foreign currency will be removed from a CGT charge
Statement of Practice 1/09 will be put on a statutory basis and the obligation to operate the mixed fund rules will be removed
If you need any advice on the impact of the new rules then contact us
news
2 July New consultation paper on non-domicile tax
1 June Kings Lynn office opens
6 May office refurbishment in Cambridge is now broadly complete. Sorry to clients for any disruption
28 March We are pleased to announce the opening of our new office in SBD Sydney Australia.
15 February We are refurbishing our offices starting February 21. We have carefully planned this to ensure the minimum disruption to our clients. The work will take 3 weeks, please accept our apologies for any inconvenience.
18 January 2011 Advice to clients of accountancy firms under investigation.
22 December 2010 - Wishing you a Wonderful Christmas and a Happy New Year see our Christmas Card
21 December 2010 -Christmas closing. We will be closed over the holiday after Christmas Eve 24 December 2010 & we will reopen on Tuesday 4 January 2011 our normal working hours 9am-5:30pm.
9 December 2010- HMRC publish new 2010/11 pension limits.
19 October 2010- HMRC publish new rules for restriction of pension relief.
1 September 2010 - Chartered Secretary, Trina Hill joins the time to offer an enhanced Company Secretarial offering.
12 July 2010 - EIS, still enough time to reduce capital gains taxed at 40% before April 2008 to 28% despite changes in the budget.
22 June 2010- Our Emergency Budget Newsletter is now live.
14 June 2010 - HMRC challenges resident status of frequent visitors.
1 February 2010 - Our in-house Solicitor, Liz Hooley, is appointed head of the private client deparment in the firm.
1 January 2010 - IFA, David Taine, joins the team at the Cambridge office to provide financial advice.
our services
We are a multi-disciplinary team with head offices in Cambridge - including tax consultants, accountants, solicitor etc.
Special terms of business apply to any work which is investments work within the meaning of the UK legislation. All our investment regulated work is dealt with through our specialist company AWA (Financial Planning) Ltd
Before we can give you any regulated advice we will need you to go through a full factfinder and to sign a terms of business with the regulated company.
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Data we collect is managed under the data protection act.
Information we receive is regulated under the money-laundering regulations.
Please see the detail pages for further information
money laundering rules
Before you contact any professional advisor you should be aware that all are required to make a disclosure to the authorities if they have a reasonable suspicion that you have been guilty of laundering the profits of crime.
Before we can give any advice we need to identity you - and so require proof of identity.
Full details see our Money Laundering page .