Continue reading "Tax Planning: Avoiding the pitfalls"
This post is only available to members.
Tax Planning: Avoiding the pitfalls
Tim Fullerlove gives trusts and estates practitioners an update on the remittance basis for non-doms ‘Section 809I ITA 2007 includes a rather arbitrary but potentially very expensive trap. It states that if a taxpayer nominates a source of income or gains and remits anything from that source before they have remitted all other income and …