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Where Taxpayers and Advisers Meet

Search found 47 matches

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by NonDom41
Sun Jul 08, 2018 3:38 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance NonDom
Replies: 11
Views: 1478

Inheritance NonDom

Following case : A non domiciled person is resident in the UK since 2005 (below the 15 year limit) and owns properties outside the UK (savings, bonds, real estate). These properties have no UK origin and have no relations to the UK whatsoever. If this NonDom dies before he has reached 15 years of UK...
by NonDom41
Sat Jan 06, 2018 9:37 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1997

Re: Not Domiciled

Thank you for your hint regarding a possible gift tax in the USA. I do not believe this will be the case because we both are nonresident aliens and not subject to U.S. tax, however, will check with a US-lawyer. You are right, there is a risk of taxes if my son should die during his ownership. I have...
by NonDom41
Wed Dec 06, 2017 10:09 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1997

Re: Not Domiciled

maths

Thank you very much for your information.
by NonDom41
Mon Dec 04, 2017 9:47 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1997

Re: Not Domiciled

Is there anybody who can answer these questions ?
by NonDom41
Wed Nov 29, 2017 4:16 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1997

Re: Not Domiciled

Thank you both for your reply. Anthony, you are right - I am buying him a house (in the USA). He is indeed 21 years old. As I realise, my son is also non-domiciled because I have been non-domiciled since 2005 and he was 9 years old at this date. We came to the UK at the same time. Correct ? I want t...
by NonDom41
Wed Nov 29, 2017 10:45 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1997

Re: Not Domiciled

Thank you for your information. I know that my son has to file an income tax return in the USA as well as in the UK if the property is rented out. I want to know if there is a gift tax (or any other tax) due in the UK when the property has been purchased (for the purchase price that will be transfer...
by NonDom41
Tue Nov 28, 2017 3:47 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1997

Not Domiciled

A) I moved to the UK in 2005 and I am considered a non-domiciled person. My sone came with in 2005. He was 9 years old at this date. Is my son automatically also not-domiciled because of my non-domiciled status ? B) If I buy a foreign property outside of the UK for him in his name (and paid by a sou...

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