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Where Taxpayers and Advisers Meet

Search found 43 matches

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by NonDom41
Wed Nov 29, 2017 4:16 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1842

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: 1842

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: 1842

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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